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 …

In most monetary models of economic growth, higher long-run inflation is associated with a decline in the growth rate … inflation results in lower growth and employment in all three models, while, in the cash-credit good economy of Dotsey and … Ireland (1996), the effect is the exact opposite. -- inflation ; growth ; costly credit ; search unemployment …