The paper presents a monetary model of endogenous growth and specifies an econometric model consistent with it. The economic model suggests a negative inflation-growth effect, and one that is stronger at lower levels of inflation. Empirical evaluation of the model is based on a large panel of...

We compare a number of models of post War US output growth in terms of the degree and pattern of non-linearity they impart to the conditional mean, where we condition on either the previous period's growth rate, or the previous two periods' growth rates. The conditional means are estimated...

This paper formally tests for non-linearity in the relationship between real oil prices and real stock returns for Canada, Germany, the UK, and the US, and also assesses whether there are significant differences in the impact of oil price shocks on the stock markets studied. The findings provide...