-rate smoothing or with GDP growth deviations from trend in place of the output gap. However, improvement vis-à-vis other models …

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 … instability and the aggregate elasticity of factor substitution. Several microeconomic justifications can be found for a negative …

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. …

This paper presents evidence for structural differences in economic growth dynamics between the current EU and the … have posted higher average growth and wider output fluctuations than the euro area and other EU countries. Second, a set of …