Gillman, Max; Harris, Mark N.; Mátyás, László - In: Empirical Economics 29 (2004) 1, pp. 149-167
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...
