There are evidences that the actual global crisis affected the convergence process in EU. Generally, just new adhered … convergence process will be affected. Synthetically, the pessimistic authors are viewing the future economic dynamics as one of so …-Swan model, Mankiw, Romer, and Weil model, etc.) and by empirical evidences, we are considering the convergence in the level of …

reveal some evidence of convergence in exchange rates, especially for Guinea and Liberia. For inflation, there is no evidence …This study estimates the rate and distance to convergence of WAMZ Member States and provides a comparative analysis of … nominal and real convergence to evaluate WAMZ's preparedness for monetary integration. We employ monthly data on the consumer …

selection approach, the study interacts money supply, interest rate, economic growth, and inflation rate, among themselves and … their lagged values using the Vector Auto-regressive (VAR) analytical technique. The Classical quantity theory of money, the … Cambridge Cash Balanced, the liquidity preference theory and the Monetarists as theoretical frameworks were explored to …

Irving Fisher long advocated inflation indexed bonds. I prove in the context of a multicommodity CAPM world that the … ideal commodity bundle. Irving Fisher also developed and advocated the impatience theory of interest. But in OLG economies …

In this study, we analyze the relationship between inflation and economic growth. To this end, we construct a model of … endogenous growth with creative destruction, incorporating sticky prices due to menu costs. Inflation and deflation reduce the … maximize the rate of economic growth by setting their target inflation rate at the negative of a fundamental growth rate that …

This paper investigates inflation thresholds that lead to higher growth rates using five-year averages of standard … countries: (i) the catch-up effect has worked only when inflation is below 12%; (ii) the positive effect of human capital on … growth has been present and significant when inflation has been below 15%; (iii) financial development has been effective …