Monetary policy and real economic growth

Owen Humpage

Economic Commentary, 1996, issue Dec

Abstract: An examination of the connections between monetary policy changes, shifts in aggregate spending, and adjustments to production, showing that although a central bank may periodically exploit the connection between short-term monetary expansions and real economic growth, frequent attempts may ultimately distort the allocation of resources from productive uses to protective enterprises and result in proportionally higher inflation.

Keywords: Economic development; Monetary policy (search for similar items in EconPapers)
Date: 1996
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