Kohlscheen, Emanuel; Nakajima, Jouchi - 2021
We compute steady-state growth and inflation for 12 emerging economies based on agnostic and parsimonious country … be assessed, as they represent the trend growth or inflation rates to which a country would converge to in the absence of … new perturbations. We find that both, steady-state growth and inflation in EMEs have been on a slight downward trend …