It is generally thought that there is a negative long-term relationship between inflation and growth and a positive … finance-growth relationship is more robust than the inflation-growth relationship. In this paper we explore the triangle of … relationships - finance-inflation-growth - with panel data from as many as 84 countries for 1960-95. Our results with standard …

Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …

In most monetary models of economic growth, higher long-run inflation is associated with a decline in the growth rate … inflation results in lower growth and employment in all three models, while, in the cash-credit good economy of Dotsey and … Ireland (1996), the effect is the exact opposite. -- inflation ; growth ; costly credit ; search unemployment …

The empirical evidence suggests that there is a significant, negative relationship between inflation and economic …. Therefore the technology of the financial sector influences the velocity of money, and consequently, how inflation affects … generates an inflation-growth effect whose magnitude falls in the range found by the empirical studies. Moreover, in contrast to …