Inflation and Economic Growth

  title={Inflation and Economic Growth},
  author={Miguel Sidrauski},
  journal={Journal of Political Economy},
  pages={796 - 810}
ESPITE the large volume of recent Th literature on economic growth, little has been done to integrate monetary factors in the explanation of the growth process. Most of the growth models are "real" models, in the sense that they manage to ignore the monetary structure of the economy and focus only on real variables. The construction of these kinds of non-monetary models is completely justified if one is able to show that the monetary structure has no effect on the real variables of the system… 
A Two-Class Monetary Growth Model
The neutrality of the monetary sector is a problem that has been widely considered in the recent economic literature. Nevertheless, until now, little has been done to integrate monetary factors in
Macroeconomic Dynamics and Growth in a Monetary Economy: A Synthesis
THE DEVELOPMENT OF MONETARY GROWTH MODELS is a topic that has been receiving increasing attention from monetary economists since the appearance of Tobin's seminal paper [28]; see, e.g., [24, 25, 14,
Money in Development: A Monetary Growth Model a la McKinnon
Since Professor Tobin's seminal 1965 contribution "Money and Economic Growth," a vast body of literature has developed on exploring the nature of macro-economic interactions between monetary and real
Wealth Effects and the Dynamics of Inflation
Recent studies on inflation and economic growth have typically dealt with the effects of changes in the rate of monetary expansion on the steady state of the economy (see, for example [2, 7, 8, 12,
Like many countries, industrialised and developing, one of the most fundamental objectives of macroeconomic policies in Fiji is to sustain high economic growth together with low inflation. However,
Global growth, international trade patterns and national inflation policies with capital accumulation in a multi‐country economy
Purpose - The purpose of this paper is to examine global monetary economic growth with free trade. It develops a multi-country monetary growth model with capital accumulation to provide some insights
SEVERAL ECONOMISTS2 have argued that if individuals correctly perceive the rate of inflation so that their expectations are "rational," then deterministic models of money and economic growth are
Feedback effects of inflation and economic growth in India: An econometric analysis
In the recent years, developing countries including India are achieving growth at higher rate which is accompanied by high inflation. Several quality researches have been made in the past on the
The Current State of Money and Production Theory
It is almost universally recognized that money plays a role of high consequence in aggregate economic activity and in the day to day operations of households and business firms. But I would suggest


The Neo-Classical One-Sector Growth Model: A Geometrical Exposition and Extension to a Monetary Economy
The neo-classical one-sector growth model has become a standard piece of equipment in the economic theorist's tool kit. Nevertheless, most of the available expositions of it are needlessly
A Contribution to the Theory of Economic Growth
I. Introduction, 65. — II. A model of long-run growth, 66. — III. Possible growth patterns, 68. — IV. Examples, 73. — V. Behavior of interest and wage rates, 78. — VI. Extensions, 85. — VII.
Rational Choice and Patterns of Growth in a Monetary Economy
    " The Monetary Dynamics of Hyperinflation , " in Milton Friedman
    • Studies in the Quantity Theory of Money
    • 1956
    The Monetary Dynamics of Hyperinflation
    • Studies in the Quantity Theory of Money
    • 1956