slowdown in US economic growth. The argument is based on the growth theory that we have previously developed and tested, which …

the slump following the Great Recession. Endogenous innovation dynamics amplifies financial crises and helps explain the …

Recent work on money and endogenous growth finds modest welfare costs of inflation. Furthermore, high inflation reduces … unemployment which is calibrated for the US economy. Interestingly, both employment and the growth rate may even increase with the … rate of inflation depending on the elasticity of labor supply. Considering the transition dynamics following a change in …