Inflation and Innovation-Driven Growth
AbstractThis paper analyzes the interaction between inflation and the long-run levels of employment and output growth in a Schumpeterian growth model with quality improving innovations under nominal price rigidity. At the unique REE steady state equilibrium, both employment and growth are hump-shaped functions of money growth peaking at positive inflation rates.
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Bibliographic InfoArticle provided by De Gruyter in its journal The B.E. Journal of Macroeconomics.
Volume (Year): 10 (2010)
Issue (Month): 1 (August)
Contact details of provider:
Web page: http://www.degruyter.com
Other versions of this item:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O42 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Marquis, Milton H & Reffett, Kevin L, 1995. "The Inflation Tax in a Convex Model of Equilibrium Growth," Economica, London School of Economics and Political Science, vol. 62(245), pages 109-21, February.
- Chu, Angus C. & Ji, Lei, 2012.
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40467, University Library of Munich, Germany.
- Angus C., Chu & Lei, Ji, 2012. "Monetary policy and endogenous market structure in a schumpeterian economy," MPRA Paper 41027, University Library of Munich, Germany.
- Chu, Angus C. & Lai, Ching-Chong & Liao, Chih-Hsing, 2010.
"A tale of two growth engines: The interactive effects of monetary policy and intellectual property rights,"
30105, University Library of Munich, Germany, revised Apr 2011.
- Angus C. Chu & Ching-Chong Lai & Chih-Hsing Liao, 2010. "A Tale of Two Growth Engines: The Interactive Effects of Monetary Policy and Intellectual Property Rights," IEAS Working Paper : academic research 10-A006, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Robert Amano & Tom Carter & Kevin Moran, 2012.
"Inflation and Growth: A New Keynesian Perspective,"
12-23, Bank of Canada.
- Chienyu Huang & Juin Jen Chang & Lei Ji, 2013.
"Cash in advance constraint on RD in a Schimpeterian growth model with an endogenous market structure,"
Documents de Travail de l'OFCE
2013-16, Observatoire Francais des Conjonctures Economiques (OFCE).
- Chien-Yu Huang & Juin-Jen Chang & Lei Ji, 2013. "Cash-In-Advance Constraint on R&D in a Schumpeterian Growth Model with an Endogenous Market Structure," IEAS Working Paper : academic research 13-A009, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Peter Funk & Bettina Kromen, 2006. "Short-term price rigidity in an endogenous growth model: Non-Superneutrality and a non-vertical long-term Phillips-curve," Working Paper Series in Economics 29, University of Cologne, Department of Economics.
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