LI, Wu (2012): A Study on the Dynamics of Interest Rate.

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Abstract
By integrating the fiat money into the structural growth model in [1], this paper presents a dynamic model for the simulation study of interest rate. And the model is illustrated with a numerical example. The equilibria of the numerical example are also computed by the method in [2]. The monetary policies of controlling the interest rate and controlling the money supply are simulated.
Item Type:  MPRA Paper 

Original Title:  A Study on the Dynamics of Interest Rate 
Language:  English 
Keywords:  interest rate; money supply; general equilibrium; price 
Subjects:  C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C68  Computable General Equilibrium Models C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C63  Computational Techniques ; Simulation Modeling D  Microeconomics > D5  General Equilibrium and Disequilibrium > D58  Computable and Other Applied General Equilibrium Models C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C67  InputOutput Models 
Item ID:  42840 
Depositing User:  Wu LI 
Date Deposited:  28. Nov 2012 15:56 
Last Modified:  20. Feb 2013 03:05 
References:  [1] Li W., A Structural Growth Model and its Applications to Sraffa’s System. Presented at the 18th International InputOutput Conference, Sydney, downloadable at http://www.iioa.org/Conference/18thdownable%20paper.htm, 2010. [2] Li W., A Study on Dynamic General Equilibrium under the Classical Growth Framework. MPRA working paper 25882, 2010. [3] K. Wicksell, Interest and Prices: A Study of the Causes Regulating the Value of Money (1898). Translated by R.F. Kahn, MacMillan: London, 1936. [4] M. Woodford, Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton University Press, 2003. [5] P. S. Rose and M. H. Marquis, Money and Capital Markets (10th Edition). McGrawHill, 2008. 
URI:  https://mpra.ub.unimuenchen.de/id/eprint/42840 