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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 …
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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. …
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payment mechanisms can robustly explain major facets of the long run inflation experience. A negative inflation …. Undisclosed previously, this link helps fill out the intuition of how the inflation experience can be plausibly explained in a … robust fashion with a model extended to include credit as a payment mechanism. …
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