typical feature being the unstable movement patterns of the main socioeconomic development indicators. Inflation hit its …

This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting … that countries in exchange rate targeting have a higher rate of GDP growth and lower inflation rate. In order to test the … related to exchange rate targeting, the effects of the introduction of inflation targeting in the unemployment rate were also …

In a recent paper, Atkeson and Kehoe (2004) demonstrated the lack of a robust empirical relationship between inflation … relationship by allowing for inflation and growth to have a nonlinear specification dependent on inflation levels. In particular …, we allow for the possibility that high inflation is negatively correlated with growth, while a positive relationship …

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. …

fixed capital formation, human capital development, inflation, and government expenditure, significantly have spatial … evident that foreign public debt has a negative impact on economic growth, which is consistent with the debt overhang theory …

intermediaries to examine the effects of alternative government financing schemes on growth, inflation, and welfare. We find that in … reduction in the rate of economic growth if it is financed with an increase in the seigniorage tax rate. Raising the seigniorage … tax base by means of an increase in the reserve requirement retards growth and has an ambiguous effect on inflation. An …

Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained …

economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …