influence of inflation on factor substitution. It turns out that already in a simple neoclassical monetary growth model this …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 …

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 … larger is its necessary scale. We perform a rough calibration of the model to simulate the effects of a demographic shock …

patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented … in the paper shows that this proposition is supported by the data for a sample of OECD countries. Additionally, the model …

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