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This paper analyses the endogeneity of euro area total factor productivity and its role in business cycle amplification by estimating a medium-scale DSGE model with endogenous productivity mechanism on euro area data. In this framework, total factor productivity evolves endogenously as a...
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It is generally thought that there is a negative long-term relationship between inflation and growth and a positive … finance-growth relationship is more robust than the inflation-growth relationship. In this paper we explore the triangle of … relationships - finance-inflation-growth - with panel data from as many as 84 countries for 1960-95. Our results with standard …
Persistent link: https://www.econbiz.de/10014140377
It is generally thought that there is a negative long-term relationship between inflation and growth and a positive … finance-growth relationship is more robust than the inflation-growth relationship. In this paper we explore the triangle of … relationships - finance-inflation-growth - with panel data from as many as 84 countries for 1960-95. Our results with standard …
Persistent link: https://www.econbiz.de/10014141151
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