explores implications for growth, innovation, inflation, financial markets, fiscal policy, and several socio-economic outcomes …

tightened further. Global growth has been moving in the opposite direction: it has declined sharply since the beginning of the … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the … expectations, elevated financial vulnerabilities, and weakening growth fundamentals. …

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP … levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and …

spur a declining economic growth. Incidentally, this work questions the issue of measuring economic regularities through … the empirical literature on the finance-growth nexus. It highlights an array of statistical issues casting serious doubts … expansion and economic growth is non-linear. However, our estimates document an overall negative effect of expanding credit to …