Inflation and growth: Explaining a negative effect
The paper presents a monetary model of endogenous growth and specifies an econometric model consistent with it. The economic model suggests a negative inflation-growth effect, and one that is stronger at lower levels of inflation. Empirical evaluation of the model is based on a large panel of OECD a...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
2004
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| Online Access: | http://hdl.handle.net/20.500.11937/81810 |