Money and Growth in a MIU-Based Walrasian General Equilibrium Model

Wei-Bin Zhang

Montenegrin Journal of Economics, 2020, vol. 16, issue 1, 7-20

Abstract: This paper is concerned with the role of money in economic growth in a general equilibrium framework. It proposes a monetary growth model by integrating Walrasian general equilibrium theory, neoclas-sical growth theory, and MIU approach in monetary economics with Zhang’s concept of disposable income and utility function. We de-fine the model, find equilibrium, and carry out comparative statics analysis in money policy, preferences and technology.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:16:y:2020:i:1:7-20

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