In this study, we focused on the development of cooperation between partner countries, which may affect the reduction of inflationary risks for partnership participants in the context of global and urgent changes in the world. This article aims to identify the relationship between inflation...

When faced with economic stagnation, innovation, product innovation in particular, is often cited as an effective stimulus because it is thought to encourage household consumption and lead to higher demand. Using a secular stagnation model with wealth preference, we examine the effects of...