Arbeitspapier
A new Keynesian theory of inflation and growth in the long run
This paper explores the influence of inflation on economic growth. In order to match the empirical stylized fact of a threshold level of inflation, beyond which inflation ceases to have a positive impact on growth and begins to harm it, we propose to merge an endogenous growth model of learning by doing with a New Keynesian one with sticky wages. In this way, we mimic the stylized fact of a hump shaped relationship between inflation and economic growth.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni di Dipartimento - EPMQ ; No. 202
Klassifikation
Wirtschaft
Ereignis
Geistige Schöpfung
(wer)
Vaona, Andrea
Ereignis
Veröffentlichung
(wer)
Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
(wo)
Pavia
(wann)
2007
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:20 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Vaona, Andrea
- Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
Entstanden
- 2007
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