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.
- Language
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Englisch
- Bibliographic citation
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Series: Quaderni di Dipartimento - EPMQ ; No. 202
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Vaona, Andrea
- Event
-
Veröffentlichung
- (who)
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Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
- (where)
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Pavia
- (when)
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2007
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Vaona, Andrea
- Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
Time of origin
- 2007
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