Oikawa, Koki; Ueda, Kozo - Crawford School of Public Policy, Australian National … - 2015
endogenous growth with creative destruction, incorporating sticky prices due to menu costs. Inflation and deflation reduce the …In this study, we analyze the relationship between inflation and economic growth. To this end, we construct a model of … maximize the rate of economic growth by setting their target inflation rate at the negative of a fundamental growth rate that …