Bitros, George C.; Panas, Epameinondas E. - EconWPA - 2005
Our aim in this paper is threefold. First, to test the robustness of the relation between total factor productivity … acceleration of inflation from 1964- 1972 to 1973-1980 reduced total factor productiv-ity growth in a way that was both … our surprise, we find that the inflation-productivity trade-off prevails even in the long run. And, fi-nally, regarding …