This paper presents a stochastic monetary growth model with nominal rigidities and active monetary policy in which … ambiguity on the relationship between secular growth and cyclical volatility …

In a monetary growth model, I show that average inflation inhibits growth while inflation volatility enhances it. The … effect of nominal volatility on human capital accumulation depends on the response of money demand and the corresponding …

spirit-of-capitalism models of growth. Namely, higher inflation leads to higher capital stock in the long run, and inflation … increases the endogenous-growth rate of the economy. …

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance … seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

growth (i.e., aid is more effective in countries that are more vulnerable to external shocks). Recently an important debate … involve some volatility in aid flows, which then is not necessarily negative for growth. In this paper we examine to what … consider the effect of aid on income volatility and again find that aid is making growth more stable, while its volatility …

In most monetary models of economic growth, higher long-run inflation is associated with a decline in the growth rate …. We consider three types of endogenous growth models: 1) the AK-model, 2) the Lucas (1990) supply-side model, and 3) the … inflation results in lower growth and employment in all three models, while, in the cash-credit good economy of Dotsey and …

This paper presents a stock-flow consistent growth model which is set in the Post-Keynesian tradition. A key feature of … constant rate of unemployment (at the "natural rate of growth"). The model incorporates a detailed description of the household …

In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge …-run endogeneity. Generally, we show that in a Kaleckian monetary distribution and growth model, which takes the major features of a …

increases, as seen for OECD countries. And the results include a role for a normalized money demand in affecting growth, as well … equation model is examined by expanding this into a three equation simultaneous system of output growth, inflation and money …The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 …

Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …