Inflation and Innovation-Driven Growth

Peter Funk () and Kromen Bettina ()
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Kromen Bettina: University of Cologne and European Commission

The B.E. Journal of Macroeconomics, 2010, vol. 10, issue 1, 52

Abstract: This 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.

Keywords: inflation; price rigidity; endogenous growth; employment (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (30)

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Working Paper: Inflation and Innovation-driven Growth (2005)
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DOI: 10.2202/1935-1690.1792

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