Toward a Growth-Oriented Model of Financial Programming.
This paper extends the basic monetary model that underlies the monetary approach to the balance of payments to allow for the endogenous determination of the short-run growth rate of the economy. In the extended model domestic credit expansion affects not only the balance of payments but also the out...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1987.
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| Series: | IMF Working Papers; Working Paper ;
No. 1987/010 |
| Online Access: | Full text available on IMF |