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. …

the elasticity of substitution is significantly below unity and that the growth rates of technical progress show an … asymmetrical pattern where the growth of laboraugmenting technical progress is exponential, while that of capital is hyperbolic or …

This paper presents new evidence on the social returns to education within a macroeconomic growth regression framework … dynamic human capital spillovers: the human capital stock increases prospective economic growth. The empirical results are … growth and jobs. Finally, the paper discusses discrepancies between private and social returns to education. …