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. …

by low inflation, robust growth and low level of bureaucratic corruption due to better governance. In contrast, the … corruption, high inflation due partly to reliance on seigniorage to finance public spending, and lackluster growth. Using annual …

growth and shocks volatility in a model with procyclical R&D and imperfect competition in goods and labour markets. We show … that the effects of uncertainty on long-term growth not only depends on the source of fluctuations, as recent literature …

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 …

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 …

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 …

This paper uses the general equilibrium monetary endogenous growth model of Dotsey and Ireland (1996), in which …

This paper explores the influence of inflation on economic growth both theoretically and empirically. We propose to … merge an endogenous growth model of learning by doing with a New Keynesian one with sticky wages. We show that the … intertemporal elasticity of substitution of working time is a key parameter for the shape of the inflation-growth nexus. When it is …

paper, we integrate a microfounded model of money and finance into a model of endogenous growth to examine the effects of …Many countries simultaneously suffer from high inflation, low growth and poorly developed financial sectors. In this … inflation on welfare, growth and the size of the financial sector. A novel feature is that the innovation sector is …

of productivity growth, but the effect depends critically on a country's level of financial development. For countries … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …