Showing 1 - 10 of 912
introduces a wedge between the growth in real GDP and the growth in consumer well-being, with the result that a slower rate of … growth of the former does not necessarily imply a slower rate of the latter. The conceptual framework for this analysis is … separate technology for consumer decisions based on Lancaster (1966b) and developed the idea of Expanded GDP (or EGDP). In this …
Persistent link: https://www.econbiz.de/10012198573
these investments and their outcomes evidence of a wellfunctioning society? We do not see the rapid growth in aggregate … mismeasurement of growth and prices accelerated in the U.S. during the 21st century and may be responsible for the appearance of … secular stagnation in the U.S. We argue that it is possible that productivity growth has accelerated and that prices have been …
Persistent link: https://www.econbiz.de/10014091564
In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have … impacts on growth in Turkey in the analyzed period. However, inflation uncertainty has much more negative effect on growth in … comparison with inflation. In other words, while 1% increase in inflation rate decrease growth 0.56%, an 1% increase in inflation …
Persistent link: https://www.econbiz.de/10010322130
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector. Another crucial finding is that policies of financial liberalization have helped stimulate economic growth …. Reinforcing the literature on finance and growth, this study reaffirms that inflation rates are detrimental to long-run financial …
Persistent link: https://www.econbiz.de/10010500573
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector. Another crucial finding is that policies of financial liberalization have helped stimulate economic growth …. Reinforcing the literature on finance and growth, this study reaffirms that inflation rates are detrimental to long-run financial …
Persistent link: https://www.econbiz.de/10010385259
In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have … impacts on growth in Turkey in the analyzed period. However, inflation uncertainty has much more negative effect on growth in … comparison with inflation. In other words, while 1% increase in inflation rate decrease growth 0.56%, an 1% increase in inflation …
Persistent link: https://www.econbiz.de/10011529067
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10011520530
We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the … inflation first begins to seriously negatively affect growth is around 8% for industrial economies but 3% or less for developing … countries. Marginal growth costs for developing countries then decline significantly above 50% inflation. Failure to account for …
Persistent link: https://www.econbiz.de/10011560902
Persistent link: https://www.econbiz.de/10011568878
inflation on income distribution and economic growth. We have found that inflation (1) worsens income distribution; (2 … middle class; and (4) reduces the rate of economic growth. …
Persistent link: https://www.econbiz.de/10009207419