inflation policy, the preference, amenity parameters, and regional productivities on the long-term economic growth and geography …This paper proposes a monetary growth model of a multi-regional economy. The national economy consists of multiple … regions and each region has one production sector. The study examines possible effects of inflation policy on the long …

Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately … real interest rate to rise. -- inflation ; investment ; growth ; Tobin …