This study explores the relationship between inflation and income inequality in an open-economy Schumpeterian growth … influence of a country’s technology growth on the global real interest rate. These predictions are supported by our quantitative …

This study analyzes the effects of inflation on the long-run nexus between unemployment and economic growth. We … introduce money demand via a cash-in-advance (CIA) constraint on R&D investment into a scale-invariant Schumpeterian growth … opportunity cost of cash holdings leads to a decrease in innovation and economic growth, which in turn decreases labor …

that he developed throughout the decade. While not denying that the US economic slowdown in the early 1990s reduced growth …

monetary policy in the early 1990s hurt growth in the short-term, but they argue that such action was necessary to ratchet down …

velocity tends to be sample sensitive. Our estimation results reveal that the growth rates of monetary aggregates are strongly … cointegrated with the growth rate of real GDP. There is an absence of any contemporaneous homogeneity between growth rate of money … current inflation and growth rate of money 18 months earlier. The error correction regression reveals that both M1 and M2 …