: (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. …We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …

We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and … overall amount of volatility in GDP growth. There is also a strong correlation between a country's average growth rate and the … significant correlation between individual country growth rates and global factors that are arguably exogenous with respect to …

This paper examines how the degree of interbank competition affects real economic growth, growth patterns, and consumer … reveals that financial intermediation enables greater long-run growth because the provision of risk sharing propels the … discover that monopolistic banking can outperform its competitive analog, both from a growth and welfare perspective, if the …

A competitive stock market is embedded into a neoclassical growth economy to analyze the interplay between the … economic growth by raising total factor productivity, but its impact is only transitory. Several predictions on the evolution … specialization, wealth inequality, stock trading intensity, liquidity and return volatility. …