Inflation gifts and endogenous growth through learning-by-doing

Preprint OPEN
Andrea Vaona;
(2013)
  • Subject: efficiency wages, money growth, long-run Phillips curve, trend inflation
    • jel: jel:E2 | jel:E3 | jel:E4 | jel:E5

We investigate the link between inflation, growth and unemployment nesting a model of fair wages into one of endogenous growth of learning by doing and assuming that firms protect wages' purchasing power against inflation in exchange of worker's effort. Unemployment dec... View more
  • References (29)
    29 references, page 1 of 3

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