| List of figures | p. ix |
| Preface | p. xii |
| Introduction | p. xiii |
| Descriptive Models of Growth | p. 1 |
| Harrod-Domar Model as Prototype of Growth Models | p. 1 |
| Neoclassical Growth Model | p. 5 |
| Neoclassical Growth Model in per capita Terms: Dynamics, the Golden Rule and Dynamic Efficiency | p. 8 |
| Changes in Propensity to Save and the Effects on Growth | p. 12 |
| Solow's Model with Technological Progress | p. 18 |
| Stylized Facts and the Neoclassical Growth Model | p. 21 |
| Aggregate Intertemporal Microfounded Models with Infinite Horizon | p. 24 |
| Ramsey's Optimal Saving Rule and Individual Choices | p. 24 |
| Ramsey's Rule and Optimality of Growth: a Model of an Economy with Stationary Population | p. 27 |
| The Economic Significance of Optimality Conditions and Euler's Equation | p. 30 |
| Existence, Stability and Efficiency of Optimal Steady State | p. 31 |
| Optimal Growth Model for a Decentralized Competitive Economy | p. 35 |
| Equilibrium and Dynamics of a Competitive Economy | p. 39 |
| Central Planner Optimum: Pareto Optimality and Dynamic Efficiency | p. 44 |
| Comparative Dynamics: Changes in Technology and in Preferences | p. 46 |
| Effects of Fiscal Policy in the Model of Competitive Economy | p. 49 |
| The Model of a Competitive Economy with Technological Progress | p. 58 |
| Intertemporal Models of Overlapping Generations | p. 62 |
| Fisher's Optimal Saving Rule and Individual Choices | p. 62 |
| Properties of the Individual Saving Function | p. 65 |
| Further Thoughts about the Saving Function: a Dual Approach to Optimal Individual Saving | p. 67 |
| Intertemporal Consumption Allocation and Fisher's Rule in an Aggregative Model with Overlapping Generations. A Pure Exchange Economy | p. 70 |
| Pareto Optimum Steady State and the Samuelson's Paradox | p. 75 |
| Growth Model of a Competitive Economy with Overlapping Generations | p. 80 |
| Existence and Stability of Equilibrium | p. 82 |
| Efficiency of Steady-State Equilibrium | p. 86 |
| Stability of Planner's Optimum | p. 89 |
| Fiscal Policies and Public Expenditure | p. 91 |
| Balanced Budget Policy and Lump-Sum Taxation | p. 94 |
| Fiscal Policy with Taxation Proportional to Income from Factors | p. 95 |
| Effects of Social Security on Capital Accumulation | p. 97 |
| Fiscal Policies and National Debt | p. 100 |
| National Debt and Capital Accumulation in a Context of Constant Deficit Policy | p. 105 |
| Intertemporal Monetary Models with Infinite Horizon | p. 112 |
| The Descriptive Monetary Growth Model as a Prototype of Intertemporal Models of Monetary Economies | p. 112 |
| Exact Steady State Equilibrium Expectations | p. 114 |
| Adaptive Expectations | p. 117 |
| Perfect Foreseen Expectations (Rational Expectations) | p. 120 |
| A Possible Source of Instability in Monetary Economies: Self-fulfilling Anticipation of Inflation | p. 122 |
| A Monetary Growth Model with Consumer Optimization on an Infinite Horizon | p. 125 |
| Issues in the Optimizing Monetary Model: 1. Superneutrality of Money | p. 128 |
| Issues in the Optimizing Monetary Model: 2. Welfare Effects of Inflation | p. 131 |
| Issues in the Optimizing Monetary Model: 3. The Possibility of self-generating hyperinflation | p. 133 |
| Alternative models of infinite horizon monetary economies | p. 136 |
| Alternative Approaches to Monetary Economies of Overlapping-Generations | p. 140 |
| Basic Monetary Model of Overlapping-Generations: the Pure Exchange Economy | p. 140 |
| The Dynamics of a Pure Exchange Economy with Overlapping Generations | p. 142 |
| Overlapping-Generations Monetary Model with Capital Accumulation | p. 145 |
| A Monetary Economy with Storage. The Impossibility of Dominance of Money in the Nominal Interest Rate of Economies with a Market for Private Credit | p. 150 |
| Constant Growth Rate of Money Policy and Inefficiency of Seigniorage | p. 153 |
| The Optimum Quantity of Money and Money in the Utility Function | p. 155 |
| Money in the Utility Function and Implications for Open Market Monetary Policy | p. 158 |
| Alternative Models of an Overlapping-Generations Monetary Economy: (a) Cash-in-advance approach | p. 162 |
| Alternative Models of an Overlapping-Generations Monetary Economy: (b) Transactions costs approach | p. 165 |
| Alternative Models of an Overlapping-Generations Monetary Economy: (c) Legal restrictions approach | p. 171 |
| Models of Endogenous Growth with Infinite Horizon | p. 181 |
| Introduction | p. 181 |
| A Basic Framework for Endogenous Growth: (a) Models with constant-return-to-scale technology and human capital | p. 182 |
| A Basic Framework for Endogenous Growth: (b) Models with externalities | p. 187 |
| A Basic Framework for Endogenous Growth: (c) A non-competitive economy | p. 190 |
| Taxation in the Model with Constant Returns-to-Scale and Human Capital | p. 194 |
| Public Spending in the Model with Constant Returns-to-Scale and Human Capital | p. 201 |
| Endogenous Growth in Monetary Economies: A premise | p. 205 |
| A Monetary Economy with 'AK' Technology and Money in the Utility Function | p. 205 |
| A Monetary Economy with 'AK' Technology and a Cash-in-Advance Constraint | p. 207 |
| A Monetary Economy with 'AK' Technology and Transaction Costs | p. 209 |
| Endogenous Growth of Monetary Economies with Human Capital | p. 212 |
| Mathematical Appendixes | p. 219 |
| Foreword | p. 219 |
| Differential Equations and Systems of Differential Equations | p. 221 |
| Difference Equations and Systems of Difference Equations | p. 240 |
| Calculus of Variations and Optimal Control Theory (Pontryagin's Maximum Principle) | p. 254 |
| Index | p. 265 |
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