grow faster than small firms under higher inflation. We then construct a model that introduces nominal rigidity into R …

inflation-growth effect. We compare this economy to more standard models with respect to the effect of the money / credit … exchange technology. We find a markedly negative effect of inflation on economic growth using very standard calibration …. Analytically the model employs a general equilibrium version of the Tobin-type substitution in the face of higher inflation that …

shows a strong negative effect of inflation on growth for the OECD countries, one that decreases marginally as the inflation … rate rises. The APEC results show some evidence of the inflation rate effect, with a significant negative impact at higher … inflation ranges. Segmenting the sample by country, according to average inflation rates, results in a stronger effect of …

liquidity shocks are present due to interlocation interactions is adopted to have financial intermediaries arise endogenously …. We show that the relation between growth and inflation, as well as the existence and uniqueness of the balanced growth …

inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …