Growth and the effects of inflation

Article Abstract:

The rate of increase of money supply in relation to rate of output growth in the economy is studied. Studies have shown that higher inflation resulted from the increase in the growth of money supply. It is demonstrated that inflation directly affects economic growth in some models of endogenous growth. Effects on welfare have been similar, though varying, in three exogenous growth models. The analysis implies decreasing welfare costs of increasing inflation when the level of inflation rises.

Analysis, Inflation (Finance), Money supply, Inflation (Economics)

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Endogenous growth theory: an introduction

Article Abstract:

The economic model used in the study of the dynamics of per capita income levels in different countries does not explain the income growth rate. It is necessary to study the relationship between investment rates, income growth and monetary/fiscal policies. It is difficult to develop economic models to analyze the impact of policies in a structural framework. Different models of economic growth are discussed.

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The sources of growth

Article Abstract:

Common components of the principal theoretical models of endogenous growth are analyzed through a series of planning problems. More research can be done in the areas of growth in quality and quantity. The survey also shows the need to work on stochastic models of endogenous growth. Other areas of interest include the relationship between micro policy and growth.

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