Working PaperFirst publicationPublished version DOI: 10.48548/pubdata-2012 Handle: 20.500.14123/10266

Monetary policy with an optimal interest structure

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Chronological data

Date of first publication2010-07
Date of publication in PubData 2025-07-31

Language of the resource

English

Related external resources

Part of ISSN: 1860-5508
Working Paper Series in Economics

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Abstract

From the normatively given aims of the macroeconomic equilibrium, which describe the target state of an economy system, necessary conditions are derived at an optimal growth path with maximum consumption and maximum profits on the interest structure of a market economy, by using the golden rule of capital accumulation of Allais and the own-rate of interest theory of Keynes. From the conditions for an optimal interest structure a new monetary policy is developed, which promises stability without compound interest effect, growth without compulsion, stability of prices and full employment payable from interest savings.

Keywords

Liquidity Premium; Liquidity Trap; Liquidity Charges

Number of the series contribution

179

More information

DDC

330 :: Wirtschaft

Creation Context

Research