Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159119
Authors: 
Scorcu, Antonello Eugenio
D'Adda, Carlo
Year of Publication: 
1997
Series/Report no.: 
Quaderni - Working Paper DSE 276
Abstract: 
Are restrictive monetary policies harmful to growth? The note aims at providing some empirical evidence to answer the question. A significant negative correlation between growth and real interest emerges over the period 1960-94; in the eighties this relationship strengthens. This result is in agreement with the traditional view of a long run positive link between growth and capital accumulation and a negative long run link between accumulation and the cost of capital. Moreover the outcome is in line with the view that links the slowdown in economic growth of the industrial countries over the last decades appears to the implementation of restrictive monetary policies
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper
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