本文修改 Lai and Chin(2013)模型，考慮貨幣降低交易成本的功能，以及廠商可以選擇使用部分或全部機器設備投入生產的設定，建構貨幣內生成長模型。我們將在兩種資本使用率的情況下進行討論。本文透過模型分析政府實施提高貨幣供給成長率政策對於經濟成長率的影響，並說明政策有效性。
本文研究發現，當政府提高貨幣供給成長率，在廠商可選擇使用部分及全部資本的兩種情況下，均會使經濟成長率降低，且使用部分資本的經濟成長率下降幅度會大於使用全部資本的情況。

Based on Lai and Chin (2013), this thesis builds up a monetary endogenous growth model in which money serves as a mechanism to reduce transaction costs, and then uses it to examine the impact of money growth rate targeting on the economy’s balanced growth rate. Compared with the existing literature, the salient feature of the thesis model is that it allows for the endogenous determination of the capital utilization rate.
Two main findings emerge from the analysis. First, regardless of whether the physical capital is fully or partially utilized by the producer, an increase in the money growth rate definitely lowers the balanced growth rate. Second, in response to a rise in the money growth rate, the lowered balanced growth rate under partial capital utilization is greater than that under full capital utilization.

論文審定書.....i
致謝.....ii
摘要.....iii
Abstract.....iv
第一章 緒論.....1
第一節 研究動機及目的.....1
第二節 文獻回顧.....3
第三節 本文架構.....6
第二章 理論模型.....7
第一節 代表性個人.....7
第二節 政府.....13
第三節 建立總體模型.....14
第三章 廠商可選擇使用部分資本.....16
第一節 總體模型分析.....16
第二節 動態均衡分析.....17
第三節 貨幣政策效果分析.....26
第四章 廠商選擇使用全部資本.....29
第一節 總體模型分析.....29
第二節 動態均衡分析.....30
第三節 貨幣政策效果分析.....36
第五章 結論.....39
參考文獻.....40

賴景昌(2020)，內生成長理論。中山大學經濟學研究所上課講義。
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