On the Nonlinear Relationship between Inflation and Growth: A Theoretical Exposition
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DOI: 10.1016/j.jmoneco.2017.12.001
Abstract: This study introduces cash-in-advance constraints into an R&D-based model of endogenous growth in which agents’abilities to develop new goods are heterogeneous. We demonstrate that the negative effect of inflation on long-term growth is weaker in… read more here.
Keywords: growth theoretical; relationship inflation; nonlinear relationship; growth ... See more keywords
Threshold Effects on the Relationship Between Inflation Rate and Economic Growth in Tunisia
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DOI: 10.1080/10168737.2017.1289546
Abstract: ABSTRACT Using an econometric technique suggested by Hansen [(2001). The new econometrics of structural change: Dating breaks in U.S. Labor productivity. Journal of Economic Perspectives, 15, 117–128], this paper studies the inflation–economic growth nexus in… read more here.
Keywords: economic growth; inflation rate; inflation; relationship inflation ... See more keywords