In economic theory, the question has regularly arisen as to
how far the growth rate of the money supply and the rate of
inflation could influence the development of the economy in
the long run. This concentrates basically to the question
whether money - dynamically considered - is neutral or not.
We intend to review in this study the present state of monetary
theory as it appears from the literature. We shall be
focusing on the question whether money maintains the feature
of neutrality in a framework of growth theory.