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Money and Growth in a MIU-Based Walrasian General Equilibrium Model

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  • Wei-Bin Zhang

Abstract

This paper is concerned with the role of money in economic growth in a general equilibrium framework. It proposes a monetary growth model by integrating Walrasian general equilibrium theory, neoclas-sical growth theory, and MIU approach in monetary economics with Zhang’s concept of disposable income and utility function. We de-fine the model, find equilibrium, and carry out comparative statics analysis in money policy, preferences and technology.

Suggested Citation

  • Wei-Bin Zhang, 2020. "Money and Growth in a MIU-Based Walrasian General Equilibrium Model," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(1), pages 7-20.
  • Handle: RePEc:mje:mjejnl:v:16:y:2020:i:1:7-20
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