Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/87135 
Authors: 
Year of Publication: 
2007
Series/Report no.: 
Quaderni di Dipartimento - EPMQ No. 202
Publisher: 
Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ), Pavia
Abstract: 
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.
Document Type: 
Working Paper

Files in This Item:
File
Size
266.59 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.