Please use this identifier to cite or link to this item:
https://hdl.handle.net/10316/87706
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Sequeira, Tiago Neves | - |
dc.contributor.author | Gil, Pedro Mazeda | - |
dc.contributor.author | Afonso, Óscar | - |
dc.date.accessioned | 2019-10-16T13:23:09Z | - |
dc.date.available | 2019-10-16T13:23:09Z | - |
dc.date.issued | 2019-09-23 | - |
dc.identifier.uri | https://hdl.handle.net/10316/87706 | - |
dc.description.abstract | In this article, we argue that inflation increases complexity pertaining to knowledge production (or R&D). Then, we expand a recently developed complexity index based on entropy to include the effect of inflation. As a result of this new mechanism in an endogenous growth model, inflation is no longer superneutral. In the model, inflation can decrease economic growth in a nonlinear way, a sudden upward shock on inflation can severely hurt economic growth and an inflation cut can be responsible for a take-off. These effects are illustrated quantitatively. | pt |
dc.language.iso | eng | pt |
dc.relation.ispartofseries | CeBer Working Paper 2019-04; | - |
dc.rights | openAccess | pt |
dc.subject | inflation, endogenous economic growth, complexity effects, entropy. | pt |
dc.title | Inflation, Complexity and Endogenous Growth | pt |
dc.type | workingPaper | - |
dc.relation.publisherversion | https://www.uc.pt/en/uid/ceber/working-paper?key=d0d50239 | pt |
dc.peerreviewed | yes | pt |
dc.date.embargo | 2019-09-23 | * |
uc.date.periodoEmbargo | 0 | pt |
item.fulltext | Com Texto completo | - |
item.grantfulltext | open | - |
item.languageiso639-1 | en | - |
item.cerifentitytype | Publications | - |
item.openairetype | workingPaper | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
crisitem.author.researchunit | CeBER – Centre for Business and Economics Research | - |
crisitem.author.orcid | 0000-0002-5501-1562 | - |
Appears in Collections: | I&D CeBER - Working Papers |
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File | Description | Size | Format | |
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wp-ceber-2019-4 (11).pdf | 502.39 kB | Adobe PDF | View/Open |
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