African countries but varies with inflation rates, saving habits and marginal propensity to consume, among others. The …

This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …

This paper provides empirical evidence that there is no absolute convergence between the GDP per capita of the … over time and non-stationary, thereby yielding a variety of potential growth steady states (conditional convergence). Our … income diverge from the richest ones), growth resistance (with many countries experiencing a low speed of growth convergence …

countries as a whole. We offer a demand side SAM model to highlight the convergence in economic growth. The model predicts …

. After nearly half of millennium of growing economic divergence, the world seems to have entered the era of convergence. The …

Developing country inflation is in the headlines again. Mainstream macroeconomics typically ignores the role of … monetary sources of inflation in the presence of real wage resistance and distributional conflict. The analysis shows that the … relatively small shock leads to sustained and accelerating inflation and a wage-price spiral, thanks to conflicting claims on …