was its enthusiastic endorsement by John Maynard Keynes, in his Treatise of Money, published the following year, in 1930 …

by low inflation, robust growth and low level of bureaucratic corruption due to better governance. In contrast, the … corruption, high inflation due partly to reliance on seigniorage to finance public spending, and lackluster growth. Using annual …

We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii)the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …

This paper revisits the relationship between money and long-run growth when liquidity demand at the �rm level is …

growth model by introducing Keynesian time preference. It is shown that the long-run behavior of the neoclassical growth … model persists. When introduucing money by money-in-utility, money is superneutral and the optimal monetary policy is the …

growth are magnified or reduced by capital account liberalization. Our model shows that highly corrupt countries impose … economic growth in the highly corrupt countries and reducing the impacts in the less corrupt countries if capital account …

) welfare gain than the CIA model when we decrease the growth rate of money supply to achieve the Friedman rule (zero inflation …In this note, we develop a search-based monetary growth model to analyze the growth and welfare effects of inflation …. We introduce endogenous growth via capital externality into a two-sector search model and compare the effects of …

suggesting a role of the slowdown in productivity growth, e.g. Nickell et al. (2005), IMF (2003), Blanchard and Wolfers (2000 …). This paper introduces endogenous growth via a capital stock externality into an otherwise standard New Keynesian model with … productivity growth has decreased. Over the same horizon, a higher weight on the output gap increases employment (i.e. reduces the …

This paper examines the steady-state growth effect of inflation in an endogenous growth model in which the Calvo …. On the balanced-growth path in this model, the marginal growth effect of inflation is weakly negative or even positive at … low inflation rates because the effect on average markup offsets the negative marginal growth effect through the monetary …