seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

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 …

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 …

stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has …