Regarding a prospective reform of the European Stability and Growth Pact (SGP) it seems rather consensual that a … growth rule as single operational indicator linked to a debt anchor. Compared to the status quo, our analysis suggests that … expenditure growth targets which take account of the ECB’s symmetric 2% inflation target can improve the cyclical properties of …

and output growth. We also find that MPC size influences the success of monetary targeting regimes. In contrast, there is …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation …

contribution to growth. Estimates of the long-run numeracy development of most countries in Asia, the Middle East, Africa, America … numeracy as measured by the age-heaping strategy for long-run economic growth. In a variety of specifications, numeracy … mattered quite strongly for growth patterns around the globe. …

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