u0093Bond Market Inflation Expectation and Longer-term Trends in Broad Monetary Growth and Inflation in Industrial … in inflation that were matched by growth rates in M2 and nominal GDP but not real GDP in each country and cross …-country averages. Inflationary expectations as estimated by bond rates less real growth trends indicated little inflation expectation …

and economic growth. This paper argues that a key reason for the elusive evidence is the presence of a time …-varying relationship between openness and growth over time: countries tend to gain in the short-term, immediately following capital account … liberalisation, but may not grow faster or even experience temporary growth reversals in the medium- to long-term. The paper finds …

growth and output trend. Our main finding is that currency collapses are associated with a permanent output loss relative to … output. More generally, we also find that the likelihood of a positive growth rate in the year of the collapse is over two … times more likely than a contraction, and that positive growth rates in the years that follow such episodes are the norm …

This paper presents new evidence on the social returns to education within a macroeconomic growth regression framework … dynamic human capital spillovers: the human capital stock increases prospective economic growth. The empirical results are … growth and jobs. Finally, the paper discusses discrepancies between private and social returns to education. …

This paper investigates the average impact of government debt on per-capita GDP growth in twelve euro area countries … over a period of about 40 years starting in 1970. It finds a non-linear impact of debt on growth with a turning point …—beyond which the government debt-to-GDP ratio has a deleterious impact on long-term growth—at about 90-100% of GDP. Confidence …

. The positive relationship between measures of trade openness and growth is much stronger than found in the literature. …The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian … model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many …

growth' was jointly organised by the European Parliament and Eurofound, with the participation of Martin Schulz, President of …