business cycles theory and testing inflation persistence. … theory appears not to be a cumulative science so far. When attempts are done to settle controversies by "nature" (testing the … or non-identified when testing them. Two examples are provided, one in growth theory and testing convergence, one in …

This paper analyses the role of inflation in economies with endogenous growth and congestion in public services … maximize economic growth. The more inefficient the public sector is, the higher the growth-maximizing inflation rate is. If a … currency union accepts a new member with an inefficient public sector, this will boost inflation in the union and decrease …