The paper introduces the concept of “interest rate gap” into new classic economic growth model. In the new model, the author explains both household activities and enterprise activities, and furthermore analyses the...The paper introduces the concept of “interest rate gap” into new classic economic growth model. In the new model, the author explains both household activities and enterprise activities, and furthermore analyses the relevant data of 82 countries. The author finally draws a conclusion, i.e., lowering interest rate is helpful to economic growth.展开更多
基金Supported by the National Natural Science Foundation of China(No.10271097)and Research Foundation of Xiamen University(No.Y07013),Natural Science Foundation of Fujian Province.
文摘The paper introduces the concept of “interest rate gap” into new classic economic growth model. In the new model, the author explains both household activities and enterprise activities, and furthermore analyses the relevant data of 82 countries. The author finally draws a conclusion, i.e., lowering interest rate is helpful to economic growth.