We study economic growth and inflation at different levels of government and external debt. Our analysis is based on … findings are: First, the relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold … of 90 percent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably …

A theoretical model for growth or inflation should be able to reproduce the empirical features of these variables … series models can really outperform standard linear models for GDP growth and inflation, and should therefore substitute them … for theoretical models of growth and inflation. However, we also identify some important cases where the adoption of a …

volatilities away from the downward trending GDP and inflation volatilities. Using an en dogenous growth monetary DSGE model, with …The post-1983 moderation coincided with an ahistorical divergence in the money aggregate growth and velocity … the upswing in the credit volatility that kept money supply variability from translating into inflation and GDP volatility. …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyse the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat, but is less …

growth rate. While inflation and growth rate changes occur simultaneously, the inflation acts as a tax on the return to human … the income velocity of money that can break the otherwise stable relation between money, inflation, and output growth … inflation to growth for both Hungary and Poland, as suggested by the model, although there is some feedback to money for Poland …

In late 1979 Turkey found itself in the throes of a foreign exchange crisis, with widespread shortages, negative growth … and three-digit inflation. A decade later, Turkey has a comfortable balance-of-payments situation, and holds considerable …, despite some initial success in the early 1980s, inflation remains high and the public sector budget is out of control …

Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and …

Some channels through which increased inflation tends to reduce economic growth, and vice versa, are studied within a … wedge between the returns to real and financial capital. The effect of inflation on growth is estimated using the random …, covering 170 countries from 1960 to 1993. The cross-country links between inflation and growth are economically and …

This paper reconsiders the relationship between inflation, economic growth and external debt, and discusses various … channels through which (a) increased inflation tends to reduce growth and raise foreign indebtedness over time and (b …) declining growth tends to amplify both inflation and debt. Based on a simple model of the simultaneous determination of …