IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-12535-7_12.html
   My bibliography  Save this book chapter

Money and Growth Revisited

In: Monetary Theory and Thought

Author

Listed:
  • Peter Howitt

Abstract

The literature on money and growth, in the years following the second edition of Don Patinkin’s Money, Interest, and Prices, extended the neoclassical monetary theory which Patinkin had systematised and refined, to cover the case of a growing economy, and to investigate not just the neutrality of money but its superneutrality. The main result of this literature (which Patinkin summarised in the introduction to the recently published abridged 2nd edition) is that there is far less reason to believe in superneutrality than in neutrality. Changes in the rate of monetary expansion, by changing the rate of inflation, will ultimately affect the opportunity cost of holding money, and real allocative effects will result from people’s responses to this increased cost.

Suggested Citation

  • Peter Howitt, 1993. "Money and Growth Revisited," Palgrave Macmillan Books, in: Haim Barkai & Stanley Fischer & Nissan Liviatan (ed.), Monetary Theory and Thought, chapter 12, pages 260-283, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12535-7_12
    DOI: 10.1007/978-1-349-12535-7_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ramser, Hans Jürgen, 2000. "Geld und Wirtschaftswachstum," Discussion Papers, Series I 301, University of Konstanz, Department of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-12535-7_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.