business cycles theory and testing inflation persistence. …

Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained … (persistent nonfrictional unemployment, unfair inequalities, and financial instability), their policy proposals do not lead to a …

This paper shows that the effect of inflation on asset prices and real aggregates depends on the financial … inflation lead to a wealth transfer across sectors. Higher inflation decreases firms' real liabilities and default risk, which … theoretically that the ultimate effect of inflation depends on the tightness of financing constraints in the intermediation sector …

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 … inflation rate as the impact factor. On the basis of the above findings and the evidence from other studies, lending and …

growth. Inflation also is discussed as further indicator of macroeconomic performance …