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This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …
Persistent link: https://www.econbiz.de/10011922458
Maintaining a low rate of inflation and sustainable economic growth are at the core of monetary policymaking. Price … inflation is necessary to maintain stability in the financial sector as well as to boost investment activities. Motivated by the … largely-discussed relationship between inflation and output, this paper examines this relationship for the economy of Suriname …
Persistent link: https://www.econbiz.de/10012194832
This paper studies fiscal policy in a New Keynesian DSGE model with endogenous technology growth in which scarring can occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R&D and technology adoption, thus depressing the...
Persistent link: https://www.econbiz.de/10013469563
inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …
Persistent link: https://www.econbiz.de/10014464085
, wages and inflation to monetary policy shocks becomes notably less pronounced. This attenuation reflects that hours worked … modification substantially lowers the effective stickiness of nominal wages, resulting in markedly different wage and inflation …
Persistent link: https://www.econbiz.de/10014470138
We analyze the causal effect of the length of the worker's commute on worker's productivity, by examining whether …
Persistent link: https://www.econbiz.de/10010278752
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the … spread of digital technologies the productivity slowdown would have been even more pronounced, and the recent acceleration in …
Persistent link: https://www.econbiz.de/10012661648
We study possible factors behind the subdued inflation in the United States since the mid-1990s. A standard …, consumer price inflation and producer price inflation shows an otherwise unexplained downward shift in CPI inflation since the … simulation of the wage-price spiral shows that the low level of U.S. inflation during the late 1990s stems from coincidental …
Persistent link: https://www.econbiz.de/10012143580
for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of … through a number of channels, including productivity, employment, competition and prices; (iii) digitalisation raises … productivity and lowers prices, similarly to other supply/technology shocks; (iv) this has implications for monetary policy and its …
Persistent link: https://www.econbiz.de/10012521148
payment mechanisms can robustly explain major facets of the long run inflation experience. A negative inflation …. Undisclosed previously, this link helps fill out the intuition of how the inflation experience can be plausibly explained in a …
Persistent link: https://www.econbiz.de/10010322821