The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage … integrate staggered price- and wage-setting into an endogenous growth framework. In this setting, growth and inflation are … linked via the incentive to innovate. For standard calibrations, the linkage is strong: as trend inflation shifts from -5 to …

inflation-growth effect. We compare this economy to more standard models with respect to the effect of the money / credit … exchange technology. We find a markedly negative effect of inflation on economic growth using very standard calibration …. Analytically the model employs a general equilibrium version of the Tobin-type substitution in the face of higher inflation that …

inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …

This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …

three countries that have a recent history of chronic high inflation: Argentina, Brazil and Mexico. A cointegration analysis … to anticipated changes in the rate of inflation. The analysis is carried out with monthly data for the period 1980-97 for … provided evidence of a stable long-run equilibrium relationship between nominal interest rates and the inflation rate for the …

three countries that have a recent history of chronic high inflation: Argentina, Brazil and Mexico. A cointegration analysis … to anticipated changes in the rate of inflation. The analysis is carried out with monthly data for the period 1980-97 for … provided evidence of a stable long-run equilibrium relationship between nominal interest rates and the inflation rate for the …

inflation targeting. The growth performance of this regime is compared to the one resulting from real exchange rate targets …. Inflation targeting is shown to hurt growth and employment performance. Real exchange rate targeting, on the other hand, allows … placing the economy on a higher growth path, but the trilemma hurts inflation performance. This problem may be mitigated by …

This paper studies uncertainty using the ECB Survey of Professional Forecasters' data. We consider both inflation and … are based on subjective probability distributions of survey respondents. Our analysis indicates that individual inflation … inflation uncertainty has a negative impact on economic activity by decreasing output growth and increasing inflation and …

"harmful inflation" regime for higher nominal GDP growth rates, these results have strong implications for guiding recent …