Money, Finance and Growth: A Critical Review - Moneta, finanza e credito: una rassegna critica

Oluremi Ogun ()
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Oluremi Ogun: Department of Economics, University of Ibadan, Postal: Ibadan - Nigeria, http://ui.edu.ng/

Economia Internazionale / International Economics, 2013, vol. 66, issue 4, 483-513

Abstract: A synthesis of the literature on the relations among monetary aggregates, financial development and economic growth is presented. While recent literature has been dominated by neoclassical thinking, the monetary framework that does not limit the channel of effect of policy factors on economic activities has been neglected. Though both approaches have the same goal, they differ in matters of theory and variables of emphasis. The choice of the appropriate framework appears to invite an incisive study of the issue of long-run. - Questo studio presenta una sintesi della letteratura esistente sulle relazioni tra aggregati monetari, sviluppo finanziario e crescita economica. Mentre la letteratura più recente è stata dominata dal pensiero neoclassico, il modello monetario che non delimita l’insieme degli effetti dei fattori politici sull’attività economica è stato trascurato. Benché i due approcci abbiano lo stesso obbiettivo, essi differiscono dal punto di vista teorico e nelle variabili considerate. La scelta del modello appropriato richiede uno studio più approfondito di lungo periodo.

Keywords: General Economics; Teaching of Economics; History of Economic Thought; Micro Monetary Theory; Monetarism and Real Balance; Macroeconomic Policy Formulation (search for similar items in EconPapers)
JEL-codes: A10 A20 B00 E40 E60 (search for similar items in EconPapers)
Date: 2013
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