Geld und Wachstum in der Neoklassik bis Tobin (1965)

Gregor A. Larbig

Working Paper Series B from Friedrich Schiller University of Jena, School of of Economics and Business Administration

Abstract: Given the current debate on the worldwide decline of inflation (disinflation) this paper examns the influence of money on economic growth. The focus is on neoclassical growth modells (Solow-Swan based). In particular the role of money in the genuine article of Tobin (1965) is evaluated, where the single purpose of money is serving as a medium of exchange and as a store of value. Furthermore money serves as a mean to overcome deflationary deadlocks. The question whether money fosters economic growth can not be solved due to reduced monetary modelling within the Tobin model.

Keywords: money; growth; portfolio-effect; disinflation; neoclassic (search for similar items in EconPapers)
JEL-codes: E2 O4 (search for similar items in EconPapers)
Date: 1998-03-15
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Persistent link: https://EconPapers.repec.org/RePEc:jen:jenavo:1998-05

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