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The impact of financial development (FD) on economic growth (EG) is well documented. However, studies on how inflation … mediates the impact of FD on EG produce inconclusive findings. Meanwhile, the tripartite relationship among FD, inflation and … policy making. This study therefore re-examines whether inflation mediates the FD–EG nexus by utilizing a panel data obtained …
Persistent link: https://www.econbiz.de/10013431455
; economic convergence ; growth regressions ; model selection …
Persistent link: https://www.econbiz.de/10009735356
thinking and theory. In particular, which role do calibration, statistical inference, and structural change play? What is the …
Persistent link: https://www.econbiz.de/10010574762
In this study, we analyze the relationship between inflation and economic growth. To this end, we construct a model of … endogenous growth with creative destruction, incorporating sticky prices due to menu costs. Inflation and deflation reduce the … maximize the rate of economic growth by setting their target inflation rate at the negative of a fundamental growth rate that …
Persistent link: https://www.econbiz.de/10013023358
The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding macroeconomics, and the central developments in the field through the early 1970s, including large-scale macroeconometric models are usually termed "Keynesian." The story of...
Persistent link: https://www.econbiz.de/10011708002
This paper investigates inflation thresholds that lead to higher growth rates using five-year averages of standard … countries: (i) the catch-up effect has worked only when inflation is below 12%; (ii) the positive effect of human capital on … growth has been present and significant when inflation has been below 15%; (iii) financial development has been effective …
Persistent link: https://www.econbiz.de/10013118189
"harmful inflation" regime for higher nominal GDP growth rates, these results have strong implications for guiding recent …
Persistent link: https://www.econbiz.de/10012816136
theory, institutional arrangements, the aims and hopes of economic planning, images and visions of "the economy", and the …
Persistent link: https://www.econbiz.de/10011613823
theory, institutional arrangements, the aims and hopes of economic planning, images and visions of the economy, and the …
Persistent link: https://www.econbiz.de/10012962577
theory, institutional arrangements, the aims and hopes of economic planning, images and visions of "the economy", and the …
Persistent link: https://www.econbiz.de/10011610699