Monetary Growth Theory

Wei-Bin Zhang is Professor at Ritsumeikan Asia Pacific University, Japan.

1. Money and Growth Theory, 1.1 Money in Economic Growth Theory, 1.2 The One-Sector Growth (OSG) Model, 1.3 The OSG Model with the Cobb-Douglas Functions, 1.4 Theoretical Foundations of the Utility Function, 1.5 The Keynesian Consumption Function and the OSG Approach, 1.6 The Solow Growth Model and the OSG Approach, 1.7 The Ramsey Growth Model and the OSG Approach, 1.8 The Structure of the Book, 2 Money as a Store of Value, 2.1 The Tobin Monetary Growth Model, 2.2 Growth with Inflationary Finance, 2.3 A Portfolio Balance Growth Mode, 2.4 Monetary Growth with Two Types of Households, 2.5 A Two-Sector Monetary Growth Model, 2.6 Money as a Store of Value, 3 Money in Utility and Production Functions, 3.1 The Levhari and Patinkin Approach, 3.2 The Sidrauski Model and Its Variations, 3.3 The One-Sector MIUF-OSG Model, 3.4 A Growth Economy with Two Types of Households, 3.5 A Portfolio Balance MIUF-OSG Growth Model, 3.6 Growth with Capital Accumulation and Education, 3.7 The MIPF Approach, 3.8 Further Issues, 4 Money-in-Advance Growth Models, 4.1 A CIA-OSG Growth Model, 4.2 A CIA Two-Sector Model, 4.3 Monetary Policy in a CIA Economy, 4.4 Home Production in the CIA-OSG Model, 4.5 Growth with Learning by Doing and Research, 4.6 Money, Public Goods and Returns to Scale, 4.7 A Shopping Cost Model in the Ramsey Approach, 4.8 Concluding Remarks, 5 Unemployment and Inflation, 5.1 A Traditional Model of Inflation and Unemployment, 5.2 The IS-LM Model for a National Economy, 5.3 A Monetary Growth Welfare Economy with MIUF Approach, 5.4 Money, the Efficiency Wage Theory and the MIUF Approach, 5.5 Other Causes of Unemployment, 6 Preference Change and Habit Formation, 6.1 Uzawa’s Preference Change in the Ramsey Approach, 6.2 The CIA-OSG Model with Preference Change, 6.3 The MIUF-OSG Model with Preference Change, 6.4 A Two-Sector Two-Group Monetary Growth Model with Consumer Durables, 6.5 Habit Formation in the Ramsey Approach, 7 Monetary Growth with Urban Structure, 7.1 The Monetary Urban Growth Model, 7.2 The Dynamics of the Non-monetary Economy, 7.3 The Dynamics of the Monetary Economy, 7.4 Concluding Remarks, 8 Money in Multi-Regional Growth Economies, 8.1 The Two-region Monetary Growth Model, 8.2 The Dynamics of the Non-monetary Economy, 8.3 The Dynamics of the Monetary Economy, 8.4 Conclusions, 9 Money, Growth and International Trade, 9.1 A Classical Monetary Trade Model, 9.2 Dornbush’s Exchange Rate Model for a Small Economy, 9.3 A Small Open-Country Economy with the CIA Approach, 9.4 A Small Open-Country Economy with the MIUF Approach, 9.5 A Multi-Country Economic Model, 9.6 Money, Capital, Knowledge, Trade, and Growth, 10 Money and Economic Complexity