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 …. We consider three types of endogenous growth models: 1) the AK-model, 2) the Lucas (1990) supply-side model, and 3) the …

economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead …

exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For …This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European … the whole observation period the estimations reveal a significant impact of exchange rate stability on low inflation as …

seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …

This paper aims to show why Irving Fisher’s own data on interest rates and inflation in New York, London, Paris, Berlin … changes in inflation, not even in the long run. In Fisher’s data, interest rates have more persistence than inflation and … change less than inflation over time. The Fisher effect is a misnomer unless it is taken to refer to what Fisher actually …

changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate …

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country’s inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips’ Golden Triangle theory. …

This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …

The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are …