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 …

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 …

interventions and sterilization and we explain why a central bank has an interest in controlling simultaneously the exchange rate …

The rapid growth of international reserves|a development concentrated in the emerging markets|remains a puzzle. In this …

This paper develops a descriptive methodology for the analysis of wage growth of immigrants, based on human capital … theory. The sources of the wage growth are: (i) the rise of the return to imported human capital; (ii) the impact of …