A stable and predictable demand for money function is a pre-requisite for the use of targets for monetary aggregates as … themselves in the estimation of such money functions, empirical interest has been renewed over the last decade driven by the … belief that a stable long-run money demand relationship continues to exist. This revival of activity in this area was aided …

In this study, we develop a search-and-matching monetary growth model to analyze the effects of inflation on economic … growth and social welfare by introducing endogenous economic growth via capital externality into a two-sector search …-and-matching model. We find that the channel through which inflation affects economic growth in the search-and-matching model is …

growth within an integrated framework. Money is introduced via the cash-in-advance (CIA) approach. We show that the dynamics …The purpose of this paper is to study global monetary economic growth with heterogeneous households under free trade …

We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …

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 …