 | The Effects of Inflationon Economic Growth : Lessons From Latin America Author/Editor: Jose De Gregorio. Release Date:October, 1991 This paper investigates the relationship between inflation and long-run growth. It presents an endogenous growth model that illustrates the channels through which inflation affects growth. The model more...
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| Economic Growth in Latin America Author/Editor: Jose De Gregorio. Release Date:July, 1991 This paper studies growth determinants in 12 Latin American countries during the period 1950-85. In a simple growth accounting framework, the share of labor in income is found to be lower in the more...
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| The Demand for Money in Developing Countries : Assessing the Role of Financial innovation Author/Editor: Jose De Gregorio, Peter Wickham, Patricio Arrau, Carmen Reinhart. Release Date:May, 1991 Traditional specifications of money demand have been commonly plagued by persistent overprediction, implausible parameter estimates, and highly autocorrelated errors. This paper argues that some of more...
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| Welfare Costs of Inflation, Seigniorage, and Financial innovation Author/Editor: Jose De Gregorio. Release Date:January, 1991 This paper examines the welfare effects of mitigating the costs of inflation. In a simple model where money reduces transaction costs, a fall in the costs of inflation is equivalent to financial more...
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