large current account deficit or rise in inflation or interest rates, a rising inflow of external capital, accompanied by … the RBI’s sterilizing these inflows and accumulating large reserves, even in the face of low inflation. We offer a …

shows that inflation has an adverse effect on economic growth. Higher inflation increases the incentives for agents to use … expansionary effect of inflation on the size of the financial sector and the negative effect of inflation on growth. …The paper develops a Romer-type growth model with a research sector, a manufacturing sector, and a financial sector and …

). Solow`s neoclassical growth model (Solow,R. 1956) is used to analyze and evaluate each one of the six alternative solutions … suggested. The model can easily accommodate supply side effects including total factor productivity growth which play a key rôle …

of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to … steer it with skilful judgement towards health and growth, by making decisions to change their base interest rate, with … skilful time- critical steering, or even that the central bank does in fact lead or determine the short term interest rates …

Our aim in this paper is to test the robustness of the relation between total factor productivity growth and inflation … grounds then we conclude that, for a precise estimation of the adverse impact of inflation on total factor productivity growth … period 1964-1980. The results confirm that the acceleration of inflation from 1964-1972 to 1973-1980 reduced total factor …

generates an inflation-growth effect whose magnitude falls in the range found by the empirical studies. Moreover, in contrast to … previous works, we are also able to explain an inflation-growth effect that becomes increasingly weak as the inflation rate … rises, as the evidence seems to suggest. Analysis of the welfare cost of inflation further illuminates the inflation-growth …

joint effort of the United nations, the World Bank and the ILO and has provided a focus for the work of these organisations …