The paper presents a monetary model of endogenous growth and specifies an econometric model consistent with this model … shows a strong negative effect of inflation on growth for the OECD countries, one that decreases marginally as the inflation …

This paper studies price stability and debt sustainability when the real rate exceeds trend growth (r > g) in a New … Keynesian model with endogenous technology growth through R&D. Under debt-stabilizing ("passive") fiscal policy the Taylor … inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self …

conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … reduction in growth volatility, of more than 50%, in the agricultural sector, and a gradual stabilization in services. On the … expenditure side, private consumption and investment have also stabilized considerably. Most of the decline in aggregate growth …