Please use this identifier to cite or link to this item: http://hdl.handle.net/10316/90229
Title: Monetary Policy in an Endogenous Growth Model with R&D and Human Capital Accumulation
Authors: Sequeira, Tiago Miguel Guterres Neves 
Keywords: endogenous economic growth, inflation, interest rate, monetary policy, cash-in-advance (CIA)
Issue Date: 8-Jul-2020
Series/Report no.: CeBER Working Paper 2020-12;
Place of publication or event: https://www.uc.pt/en/uid/ceber/working-paper?key=f8fc29ee
Abstract: Despite some recent evidence according to which different inflation rates have effects on long run growth, endogenous growth theory had advanced little on explaining the mechanics of monetary influence on economic growth. We follow the increasing interest in the issue offering a new explanation for the influence of monetary policy on growth in both long and short run: the cash requirements for households expenditures in education. Quantitatively, the model replicates both the small influence of monetary policy on growth while also highlighting the effects it can have on welfare and allocations of resources throughout different sectors in the economy.
URI: http://hdl.handle.net/10316/90229
Rights: openAccess
Appears in Collections:I&D CeBER - Working Papers

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