The neo-Fisherian view does not consider a negative interest rate gap a prerequisite for boosting inflation. Instead, a … negative interest rate gap is said to lower inflation. We discuss this counterintuitive response - known as the Fisher paradox …

fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary … that the low-frequency relationship between the fiscal stance and inflation is low during periods of an independent central … illustrate the mechanisms through which fiscal actions affect inflation in the long run. The findings from the DSGE model suggest …

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation …

instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of …

cointegration framework to examine whether Chinese interest rates are driven by the Fed's policy. In a second step, we estimate a … exert relatively autonomous monetary policy. -- Chinese monetary policy ; monetary independence ; cointegration …

, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …