. Since inflation in our model is driven by distribution conflict, the "normal rate" of utilisation is associated with … consistent claims of firms and employees. Taking into account real debt effects of changes in inflation and distribution effects … Inflation in unserem Modell durch Verteilungskonflikte verursacht wird, ist der normale Auslastungsgrad durch miteinander …

The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage … integrate staggered price- and wage-setting into an endogenous growth framework. In this setting, growth and inflation are … linked via the incentive to innovate. For standard calibrations, the linkage is strong: as trend inflation shifts from -5 to …

for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …

occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R … spending boosts output transitorily but over time crowding out in technology-enhancing investment weakens the long-run trend. I … growth-enhancing investment and thus the long-run trend, generating a positive trend multiplier. Multipliers of fiscal growth …

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. …

Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … investment falls and a positive Tobin effect when the real interest rate rises. We define inflation's Tobin effect more … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to …

inflation expectations diminish, holding investment fixed. In the data stock prices and investment correlate poorly precisely …. Formal tests cannot reject the hypothesis that stock prices and a linear combination of investment and inflation move on the … when stock prices and inflation move in opposite directions. Therefore, this New Keynesian Q (NKQ) theory can rationalize …

How does the dispersion of firm-level shocks affect the investment channel of monetary policy? Using firm-level panel … policy has dampened real effects via the investment channel when firm-level TFP shock volatility is high. Our estimates for …