论文45：『Money supply and economic growth under environmental pressure: the strategy for re-growth』, International Journal of Monetary Economics and Finance, 6(1), 2013, 55-62.

摘要：This paper focuses on money supply and economic growth under environmental pressure. Based on the Solow growth model, a formal advance-retreat course (ARC) model and nominal ARC model for money supply are constructed, the basic conditions for increasing money to promote output growth are presented, measurement methods for liquidity are designed, and the empirical research is presented. The findings include the following: increasing money supply promotes conditional economic growth, only major reforms can start a new growth process and promote effective economic recovery and re-growth, and economic reforms and their timing are vital.

附件：Money Supply and Economic Growth under Environmental Pressure.pdf

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