|
Chapter One Aruoba, S., Waller, C., and Wright, R., 2011. Money and capital. Journal of Monetary Economics 58, 98-116. Bailey, M., 1956. The welfare cost of inflationary finance. Journal of Political Economy 64, 93-110. Benhabib, J., and Farmer, R., 1994. Indeterminacy and increasing returns. Journal of Economic Theory 63, 19-41. Blanchard, O., and Kiyotaki, N., 1987. Monopolistic competition and the effects of aggregate demand. American Economic Review 77, 647-666. Chu, A., and Lai, C., 2012. Money and the welfare cost of inflation and R&;D growth model. Journal of Money, Credit and Banking, forthcoming. Cole, H., and Kocherlakota, N., 1998. Zero nominal interest rates: Why they’re good and how to get them. Federal Reserve Bank of Minneapolis Quarterly Review 22, 2-10. Cunha, A., 2008. The optimality of the Friedman rule when some distorting taxes are exogenous. Economic Theory 35, 267-291. Devereux, M., Head, A., and Lapham, B., 2000. Government spending and welfare with returns to specialization. Scandinavian Journal of Economics 102, 547-561. Dixon, H., 1987. A simple model of imperfect competition with Walrasian features. Oxford Economic Papers 39, 134-160. Dotsey, M., and Ireland, P., 1996. The welfare cost of inflation in general equilibrium. Journal of Monetary Economics 37, 29-47. Farmer, R., and Guo, J., 1994. Real business cycles and the animal spirits hypothesis. Journal of Economic Theory 63, 42-73. Friedman, M., 1969. The optimum quantity of money and other essays. London: Macmillan. Funk, P., and Kromen, B., 2006. Short-term price rigidity in an endogenous growth model: Non-superneutrality and a non-vertical long-term Phillips-curve. Unversity of Cologne Working paper No. 29. Funk, P., and Kromen, B., 2010, Inflation and innovation-driven growth. The B.E. Journal of Macroeconomics (Topics), vol. 10, article 23. Goel, R., and Ram, R., 2001. Irreversibility of R&;D investment and the adverse effect of uncertainty: Evidence from the OECD countries. Economics Letters 71, 287-291. Golinelli, R., and Rovelli, R., 2005. Monetary policy transmission, interest rate rules and inflation targeting in three transition countries. Journal of Banking and Finance 29, 183-201. Gomme, P., 1993. Money and growth revisited: Measuring the costs of inflation in an endogenous growth model. Journal of Monetary Economics 32, 51-77. Guo, J., and Lansing, K., 1998. Indeterminacy and stabilization policy. Journal of Economic Theory 82, 481-490. Ireland, P., 2003. Implementing the Friedman rule. Review of Economic Dynamics 6, 120-134. Itaya, J., and Mino, K., 2003. Inflation, transaction costs and indeterminacy in monetary economies with endogenous growth. Economica 70, 451-470. Itaya, J., and Mino, K., 2007. Technology, preference structure, and the growth effect of money supply. Macroeconomic Dynamics 11, 589-612. Lagos, R., and Wright, R., 2005. A unified framework for monetary theory and policy analysis. Journal of Political Economy 113, 463-484. Lucas, R., 2000. Inflation and welfare. Econometrica 68, 247-274. Mankiw, N., 1988. Imperfection competition and the Keynesian cross. Economics Letters 26, 7-13. Mansfield, E., 1980. Research and development, productivity, and inflation. Science, Sept., 1091-1093. Marquis, M., and Reffett, K., 1994. New technology spillovers into the payment system. Economic Journal 104, 1123-1138. Menner, M., 2006. A search-theoretic monetary business cycle with capital formation. Contributions to Macroeconomics 6, Article 11. Mino, K., 1997. Long-run effects of monetary expansion in a two-sector model of endogenous growth. Journal of Macroeconomics 19, 635-655. Miskin, F., (2000). Inflation targeting in emerging-market countries. American Economic Review 90, 105-109. Romer, Pl., 1986. Increasing returns and long-run growth. Journal of Political Economy 94, 1002-1037. Shi, S., 1999. Search, inflation and capital accumulation. Journal of Monetary Economics 44, 81-104. Schmitt-Grohé, S., and Uribe, M., 2010. The optimal rate of inflation. In B. Friedman and M. Woodford (ed.). Handbook of Monetary Economics 3, 653-722. Elsevier. Waller, C., 2011. Random matching and money in the neoclassical growth model: Some analytical results. Macroeconomic Dynamics 15, 293-312. Wang, P., and Yip, C., 1992. Alternative approaches to money and growth. Journal of Money, Credit and Banking 24, 553-62. Williamson, S., and Wright, R., 2010. New monetarist economics: Models. In: B. Friedman and M. Woodford (ed.). Handbook of Monetary Economics 3, 25-96. Elsevier.
Chapter Two Ball, L., and Sheridan, N., 2003. Does inflation targeting matter? NBER Working Paper No. 9577. Barro, R., and Sala-i-Martin, X., 1995. Economic Growth. New York: McGraw-Hill. Benhabib, J., and Farmer, R., 1994. Indeterminacy and increasing returns. Journal of Economic Theory 63, 19-41. Bernanke, B., and Woodford, M., 2005. The Inflation-Targeting Debate. Chicago: University of Chicago Press. Blanchard, O., and Kiyotaki, N., 1987. Monopolistic competition and the effects of aggregate demand,” American Economic Review 77, 647-666. Buiter, W., 1984. Saddlepoint problems in continuous time rational expectations models: A general method and some macroeconomic examples. Econometrica 52, 665-680. Burmeister, E., 1980. On some conceptual issues in rational expectations modeling. Journal of Money, Credit, and Banking 12, 800-816. Chang, W., and Lai, C., 2001. Anticipated inflation in a monetary economy with endogenous growth. Economica 67, 399-417. Correia, I., and Teles, P., 1999. The optimal inflation tax. Review of Economic Dynamics 2, 325-346. Cunha, A., 2008. The optimality of the Friedman rule when some distorting taxes are exogenous. Economic Theory 35, 267-291. Devereux, M., Head, A., and Lapham, B., 2000. Government spending and welfare with returns to specialization. Scandinavian Journal of Economics 102, 547-561. Dixit, A., and Stiglitz, J., 1977. Monopolistic competition and optimum product diversity. American Economic Review 67, 297-308. Dixon, H., 1987. A simple model of imperfect competition with Walrasian features. Oxford Economic Papers 39, 134-160. Farmer, R, and Guo, J., 1994. Real business cycles and the animal spirits hypothesis. Journal of Economic Theory 63, 42-73. Friedman, M., 1969. The optimum quantity of money and other essays. London: Macmillan. Gersbach, H., and Hahn, V., 2006. Signaling and commitment: monetary versus inflation targeting. Macroeconomic Dynamics 10, 595-624. Gliksberg, B., 2009. Monetary policy and multiple equilibria with constrained investment and externalities. Economic Theory 41, 443-463. Golinelli, R., and Rovelli, R., 2005. Monetary policy transmission, interest rate rules and inflation targeting in three transition countries. Journal of Banking and Finance 29, 183-201. Gomme, P., 1993. Money and growth revisited: Measuring the costs of inflation in an endogenous growth model. Journal of Monetary Economics 32, 51-77. Guidotti, P., and Végh, C., 1993. The optimal inflation tax when money reduces transactions costs: A reconsideration. Journal of Monetary Economics 31, 189-205. Guo, J., and Lansing, K., 1998. Indeterminacy and stabilization policy. Journal of Economic Theory 82, 481-490. Guo, J., and Lansing, K., 1999. Optimal taxation of capital income with imperfectly competitive product markets. Journal of Economic Dynamics and Control 23, 967-995. Gylfason, T., and Herbertsson, T., 2001. Does inflation matter for growth? Japan and the World Economy 13, 405-428. Heijdra, B., and van der Ploeg, F., 1996. Keynesian multipliers and the cost of public funds under monopolistic competition. Economic Journal 106, 1284-1296. Ho, W., Zeng I., and Zhang, J., 2007. Inflation taxation and welfare with externality and leisure. Journal of Money, Credit, and Banking 39, 105-131. Ireland, P., 2003. Implementing the Friedman rule. Review of Economic Dynamics 6, 120-134. Itaya, J., and Mino, K., 2003. Inflation, transaction costs and indeterminacy in monetary economics with endogenous growth. Economica 70, 451-470. Jha, S., Wang P., and Yip, C., 2002. Dynamics in a transactions-based monetary growth model. Journal of Economic Dynamics and Control 26, 611-635. Lai, C., and Chin, C., 2010. (In)determinacy, increasing returns, and the optimality of the Friedman rule in an endogenously growing open economy. Economic Theory 44, 69-100. Lucas, R., 1980. Equilibrium in a pure currency economy. Economic Inquiry 18, 203-220. Mankiw, N., 1988. Imperfection competition and the Keynesian cross. Economics Letters 26, 7-13. Mansoorian, A., and Mohsin, M., 2004. Monetary policy in a cash-in-advance economy: Employment, capital accumulation, and the term structure of interest rates. Canadian Journal of Economics 37, 336-352. Mansoorian, A., and Mohsin, M., 2006. On the employment, investment and current account effects of inflation. Journal of International Economics 70, 296-313. Marquis, M., and Reffett, K., 1991. Real interest rates and endogenous growth in a monetary economy. Economics Letters 37, 105-109. Meng, Q., and Yip, C., 2004. Investment, interest rate rules, and equilibrium determinacy. Economic Theory 23, 863-878. Miskin, F., 2000. Inflation targeting is emerging-market countries. American Economic Review 90, 105-109. Romer, P., 1986. Increasing returns and long-run growth. Journal of Political Economy 94, 1002-1037. Schmitt-Grohé, S., and Uribe, M., 2004. Optimal fiscal and monetary policy under imperfect competition. Journal of Macroeconomics 26, 183-209. Shaw, M., Chang, J., and Lai, C., 2006. (Non)optimality of the Friedman rule and optimal taxation in a growing economy with imperfect competition. Economics Letters 90, 412-420. Startz, R., 1989. Monopolistic competition as a foundation for Keynesian macroeconomic models. Quarterly Journal of Economics 104, 737-752. Suen, M., and Yip, C., 2005. Superneutrality, indeterminacy and endogenous growth. Journal of Macroeconomics 27, 579-595. Svensson, L., 1999. Inflation targeting as a monetary policy rule. Journal of Monetary Economics 43, 607-654. Turnovsky, S., 2000. Methods of macroeconomic dynamics. Second Edition. Cambridge, MA: MIT Press. Wang, P., and Yip, C., 1992. Examining the long-run effect of money on economic growth. Journal of Macroeconomics 14, 359-369. Wen, Y., 1998. Capacity utilization under increasing returns to scale. Journal of Economic Theory 81, 7-36. Woodford, M., 1990. The Optimum quantity of money. In: B. Friedman and F. Hahn (ed.). Handbook of Monetary Economics 2, 1067-1152. Amsterdam: North-Holland.
Chapter Three Chu, A., 2010. Effects of patent length on R&;D: A quantitative DGE analysis. Journal of Economics, 99, 117-140. Chu, A., Cozzi, G., and Galli, S., 2012. Does intellectual monopoly stimulate or stifle innovation? European Economic Review, forthcoming. Chu, A., and Lai, C., 2012. Money and the welfare cost of inflation in an R&;D growth model. Journal of Money, Credit and Banking, forthcoming. Chu, A., Lai, C., and Liao, C., 2010. A tale of two growth engines: Interactive effects of monetary policy and intellectual property rights. MPRA Paper No. 30105. Chu, A., Lai, C., and Liao, C., 2012. Search and endogenous growth: When Romer meets Lagos and Wright. MPRA Paper No. 36691. Cysne, R., and Turchick, D., 2012. Intellectual property rights protection and endogenous economic growth revisited. Journal of Economic Dynamics and Control, forthcoming. Dotsey, M., and Ireland, P., 1996. The welfare cost of inflation in general equilibrium. Journal of Monetary Economics, 37, 29-47. Economic Development Indicators, 2005. Growth through innovation: Sustainable economic growth for all New Zealanders. Ministry of Economic Development and the Treasury. Evans, L., Quigley, N., and Zhang, J., 2003. Optimal price regulation in a growth model with monopolistic suppliers of intermediate goods. Canadian Journal of Economics, 36, 463-474. Funk, P., and Kromen, B., 2006. Short-term price rigidity in an endogenous growth model: Non-superneutrality and a non-vertical long-term Phillips-curve. University of Cologne Working Paper No. 29. Funk, P., and Kromen, B., 2010. Inflation and innovation-driven growth. The B.E. Journal of Macroeconomics (Topics), vol. 10, article 23. Furukawa, Y., 2007. The protection of intellectual property rights and endogenous growth: Is stronger always better? Journal of Economic Dynamics and Control, 31, 3644-3670. Futagami, K., and Iwaisako, T., 2007. Dynamic analysis of patent policy in an endogenous growth model. Journal of Economic Theory, 132, 306-334. Gilbert, R., and Shapiro, C., 1990. Optimal patent length and breadth. RAND Journal of Economics, 21, 106-112. Gillman, M., and Kejak, M., 2005. Contrasting models of the effect of inflation on growth. Journal of Economic Surveys, 19, 113-136. Goel, R., and Ram, R., 2001. Irreversibility of R&;D investment and the adverse effect of uncertainty: Evidence from the OECD countries. Economics Letters, 71, 287-291. Goh, A.-T., and Olivier, J., 2002. Optimal patent protection in a two-sector economy. International Economic Review, 43, 1191–1214. Gomme, P., 1993. Money and growth revisited: Measuring the costs of inflation in an endogenous growth model. Journal of Monetary Economics, 32, 51-77. Grossman, G., and Helpman, E., 1991. Quality ladders in the theory of growth. Review of Economic Studies, 58, 43-61. Ho, W., Zeng, J., and Zhang, J., 2007. Inflation taxation and welfare with externalities and leisure. Journal of Money, Credit and Banking, 39, 105-131. Itaya, J., and Mino, K., 2003. Inflation, transaction costs and indeterminacy in monetary economies with endogenous growth. Economica, 70, 451-470. Itaya, J., and Mino, K., 2007. Technology, preference structure, and the growth effect of money supply. Macroeconomic Dynamics, 11, 589-612. Iwaisako, T., and Futagami, K., 2003. Patent policy in an endogenous growth model. Journal of Economics, 78, 239-258. Iwaisako, T., and Futagami, K., 2012. Patent protection, capital accumulation, and economic growth. Economic Theory, forthcoming. Jha, S., Wang, P., and Yip, C., 2002. Dynamics in a transaction-based monetary growth model. Journal of Economic Dynamics and Control, 26, 611-635. Jones, C., 1999. Growth: With or without scale effects. American Economic Review, 89, 139-144. Jones, C., and Williams, J., 2000. Too much of a good thing? The economics of investment in R&;D. Journal of Economic Growth, 5, 65-85. Judd, K., 1985. On the performance of patents. Econometrica, 53, 567-585. Kwan, Y., and Lai, E., 2003. Intellectual property rights protection and endogenous economic growth. Journal of Economic Dynamics and Control, 27, 853-873. Li, C.-W., 1998. Stochastic variety innovation in a growth model. University of Glasgow Working Paper No. 9818. Li, C.-W., 2001. On the policy implications of endogenous technological progress. Economic Journal, 111, C164-C179. Lucas, R., 1988. On the mechanics of economic development. Journal of Monetary Economics, 22, 3-42. Mansfield, E., 1980. Research and development, productivity, and inflation.” Science, Sept., 1091-1093. Marquis, M., and Reffett, K., 1994. New technology spillovers into the payment system. Economic Journal, 104, 1123-1138. Mino, K., 1997. Long-run effects of monetary expansion in a two-sector model of endogenous growth. Journal of Macroeconomics, 19, 635-655. Palokangas, T., 2011. Optimal patent length and breadth in an economy with creative destruction and non-diversifiable risk. Journal of Economics, 102, 1-27. Park, W., 2008. International patent protection: 1960-2005. Research Policy, 37, 761-766. Romer, P., 1990. Endogenous technological change. Journal of Political Economy, 98, S71-S102. Stockman, A., 1981. Anticipated inflation and the capital stock in a cash-in-advance economy. Journal of Monetary Economics, 8, 387-93. Tobin, J., 1965. Money and economic growth. Econometrica, 33, 671-684. Vaona, A., 2012. Inflation and growth in the long run: A new Keynesian theory and further semiparametric evidence. Macroeconomic Dynamics, 16, 94-132. Wang, P., and Yip, C., 1992. Alternative approaches to money and growth. Journal of Money, Credit and Banking, 24, 553-62. Wu, Y., and Zhang, J., 1998. Endogenous growth and the welfare costs of inflation: A reconsideration. Journal of Economic Dynamics and Control, 22, 465-482. Zhang, J., 1996. A simple pecuniary model of money and growth with transactions cost. Journal of Macroeconomics, 18, 127-137.
Chapter Four Aruoba, S., Waller, C., and Wright, R., 2011. Money and capital. Journal of Monetary Economics 58, 98-116. Berentsen, A., Camera, G., and Waller, C., 2007. Money, credit and banking. Journal of Economic Theory 135, 171-195. Chiu, J., Meh, C., and Wright, R., 2011. Innovation and growth with financial, and other, frictions. NBER Working Papers No. 17512. Chiu, J., and Molico, M., 2010. Liquidity, redistribution, and the welfare cost of inflation. Journal of Monetary Economics 57, 428-438. Chu, A., and Lai, C.-C., 2012. Money and the welfare cost of inflation in an R&;D growth model. Journal of Money, Credit and Banking, forthcoming. Craig, B., and Rocheteau, G., 2008. Inflation and welfare: A search approach. Journal of Money, Credit and Banking 40, 89-119. Dotsey, M., and Ireland, P., 1996. The welfare cost of inflation in general equilibrium. Journal of Monetary Economics 37, 29-47. Gomme, P., 1993. Money and growth revisited: Measuring the costs of inflation in an endogenous growth model. Journal of Monetary Economics,32, 51-77. Itaya, J., and Mino, K., 2003. Inflation, transaction costs and indeterminacy in monetary economies with endogenous growth. Economica 70, 451-470. Itaya, J., and Mino, K., 2007. Technology, preference structure, and the growth effect of money supply. Macroeconomic Dynamics 11, 589-612. Lagos, R., and Rocheteau, G., 2008. Money and capital as competing media of exchange. Journal of Economic Theory 142, 247-258. Lagos, R., and Wright, R., 2005. A unified framework for monetary theory and policy analysis. Journal of Political Economy 113, 463-484. Liu, L., Wang, L., and Wright, R., 2011. On the 'hot potato effect' of inflation: Intensive versus extensive margins. Macroeconomic Dynamics 15, 191-216. Lucas, R., 2000. Inflation and welfare. Econometrica 68, 247-274. Marquis, M., and Reffett, K., 1994. New technology spillovers into the payment system. Economic Journal 104, 1123-1138. Menner, M., 2006. A search-theoretic monetary business cycle with capital formation. Contributions to Macroeconomics 6, Article 11. Mino, K., 1997. Long-run effects of monetary expansion in a two-sector model of endogenous growth. Journal of Macroeconomics 19, 635-655. Rocheteau, G., and Wright, R., 2005. Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium. Econometrica 73, 175-202. Romer, P., 1986. Increasing returns and long-run growth. Journal of Political Economy 94, 1002-1037. Shi, S., 1999. Search, inflation and capital accumulation. Journal of Monetary Economics 44, 81-104. Waller, C., 2011. Random matching and money in the neoclassical growth model: Some analytical results. Macroeconomic Dynamics 15, 293-312. Wang, P., and Yip, C., 1992. Alternative approaches to money and growth. Journal of Money, Credit and Banking 24, 553-62. Williamson, S., and Wright, R., 2010. New monetarist economics: Models. In: B. Friedman and M. Woodford (ed.). Handbook of Monetary Economics, 3, 25-96. Elsevier.
Chapter Five Cunha, A., 2008. The optimality of the Friedman rule when some distorting taxes are exogenous. Economic Theory 35, 267-291. Friedman, M., 1969. The optimum quantity of money and other essays. London: Macmillan. Jones, C., 1999. Growth: With or without scale effects. American Economic Review, 89, 139-144. Schmitt-Grohé, S., and Uribe, M., 2004. Optimal fiscal and monetary policy under imperfect competition. Journal of Macroeconomics 26, 183-209. Shaw, M., Chang, J., and Lai, C., 2006. (Non)optimality of the Friedman rule and optimal taxation in a growing economy with imperfect competition. Economics Letters 90, 412-420.
|