Recent empirical studies on the inflation-growth-relationship underline that inflation has negative growth effects … already under relatively modest rates. Most contributions to monetary growth theory, however, have difficulties in explaining … influence of inflation on factor substitution. It turns out that already in a simple neoclassical monetary growth model this …

This paper presents a two period overlapping generations model with endogenous growth in the presence of a public … growth of the economy. In addition the transitional process towards fiscal targets critically depends on the adjustment tool …

This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from … outlook for economic growth, thereby providing a rationale for fiscal rules ensuring sustainability. Our results show that the … (change in the population growth rate) under different fiscal policy scenarios. …

In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic u0093growth rate … countries that public finance reform affects trend growth. Focusing on time series patterns, we investigate whether there have … been persistent shifts or trends in economic growth and fiscal variables over the last 40 years. In addition, we estimate a …

enlargement to boost the sluggish European growth rate. They think that a larger EU will have a stronger say in global trade …