Money Activity and Prices

Article Abstract:

The impact of money supply changes on real economic activity and prices is examined for six large industrialized economies. Forecasting models consider both anticipated and unanticipated components. Monetary variables have a strong impact on real economic performance and to a lesser extent on prices. Systematic monetary policy does promote economic growth.

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Money Balances as Factor Inputs

Article Abstract:

A flexible translog cost function specification is used to analyze the interraction of money balances and capital and labor in the Greek economy. Money is found to be a substitute for labor and an additive to capital services. Greek policy should be directed at increasing productivity and decreasing the size of the public sector.

Greece, Economic policy

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An Analysis of the Implications of Variables from the Monetary Growth Equation in a Model of Real Output and Unanticipated Money Growth

Article Abstract:

Formulation is provided to test the Barro type model of output and unanticipated money growth even when the model is mispecified. A set of assumations are found necessary and uncontroversial. Lagged monetary shocks are included.

Models, Money, Growth, Mathematical analysis

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