貨幣的 成長理論에 관한 比較硏究 = A Comparative Study on Growth Models of Monetary Economy

다국어 초록 (Multilingual Abstract)

Most of "real" growth models either ignore or minimize the role and importance of money in the process of accumulation and growth.
For the first time, in 1955, Tobin made an attempt to insert monetary factors into theoretical discussions on the growth of economy.
The monetary growth theory examines the influence of money and monetary policy on the development of nominal and real variables in a growing economy; It can be considered to be a new field or a further specialization within the broad framework of the growth theory.
In recent years much attention has been paid to the monetary growth theory in many economic writings.
This has led to prolific publications in an effort to integrate the theories of money and growth into a theoretical system, in which a great variety of presuppositions, definitions and interpretations have been presented.
The purpose of this study is to survey the development and the present state of affairs in this new field of economics and to investigate into differences among various monetary growth models.
The approaches made so far to monetary growth models can be divided into three categories; The neo-classical approach, The Keynes-Wicksell approach and the most recent approach.
The neo-classical analysis by Tobin. Johnson, Sidrauski, Levhari and Patinkin can be characterized by the assertion that the rate of capital formation is always equal to ex ante savings and that equilibrium always exists in all markets regardless of the degree of price change. The Keynes-Wicksell analysis by Stein, Rose, is characterized by the argument that commodity markets are in a state of disequilibria. Most recent analysis by Turnovsky, The Post-Keynesians, and so on, has attempted to integrate different models offered by many scholars into a dynamic macroeconomic theory.
Monetary growth theories have provided a new analytical framework and raised some new issues related to discussions of the optimal rate of monetary expansion and the effectiveness of stabilization policy. However, in order to expand and improve the current dimension of the monetary growth theories, the influence upon growth of international economic relations, money-supply process, labor market mechanisms and government activities must be made clear.

목차 (Table of Contents)

• Ⅰ. 序 論
• Ⅱ. 新古典學派의 貨幣的 成長理論
• 1. Tobin 模型과 問題點
• 2. Sidrauski 模型과 批判
• 3. Levhari-Patinkin 模型
• Ⅲ. Keynes-Wicksell 流의 貨幣的 成長理論
• 1. 單純模型의 意味
• 2. Stein 模型의 內容
• 3. Rose 模型의 含蓄性
• Ⅳ. 新古典學派와 Keynes-Wicksell 流模型의 比較
• 1. 兩模型의 比較分析
• 2. 兩模型의 綜合
• Ⅴ. 最近의 貨幣的 成長理論
• Ⅵ. 貨幣的 成長理論의 擴充
• Ⅶ. 結 論