Inflation, Growth, and Financial Intermediation

Varadarajan V. Chari · Rodolfo E. Manuelli

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

The authors summarize the recent empirical work on the growth effects of monetary policy instruments and compare the empirical findings with the implications of quantitative models in which monetary policy can affect growth rates.

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References

1991Economic Growth in a Cross Section of Countries 1989Economic Growth in a Cross Section of Countries 1991A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS 1993Finance, entrepreneurship and growth 1991The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 1991Long-Run Policy Analysis and Long-Run Growth 1985Macroeconomic determinants of growth: Cross-country evidence 1989An empirical analysis of cross-national economic growth, 1951–1980

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