The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect on growth, and one that declines in magnitude as the inflation rate increases. These … results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth effect …

causality of the oil price by US inflation as is consistent with the theory. …

causality of the oil price by US inflation as is consistent with the theory. …

The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect of inflation on growth, and one that declines in magnitude as the inflation rate … increases. These results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation …

data for the US and Australia, we Önd evidence of cointegration for the money demand model. This money demand stability …

-in-advance framework. The model predicts that both higher inflation and financial innovation - that reduces the cost of credit - induce … inflation rate and financial innovation rather than being constant as is typical in shopping time specifications. Using … quarterly data for the US and Australia, we find evidence of cointegration for the money demand model. This money demand …

this it derives an exact functional form for a general equilibrium “Taylor rule”. The inflation coefficient is always … variable. The paper then successfully estimates the magnitude of the coefficient on inflation from 1000 samples of Monte Carlo … response to inflation in a ‘Taylor principle’ sense, since it is only meeting fiscal needs through the inflation tax. The paper …

this it derives an exact functional form for a general equilibrium Taylor rule. The inflation coefficient is always greater …. The paper then successfully estimates the magnitude of the coefficient on inflation from 1000 samples of Monte Carlo … response to inflation in a 'Taylor principle' sense, since it is only meeting fiscal needs through the inflation tax. The paper …

payment mechanisms can robustly explain major facets of the long run inflation experience. A negative inflation …. Undisclosed previously, this link helps fill out the intuition of how the inflation experience can be plausibly explained in a …