Please use this identifier to cite or link to this item: http://hdl.handle.net/10316/87706
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dc.contributor.authorSequeira, Tiago Neves-
dc.contributor.authorGil, Pedro Mazeda-
dc.contributor.authorAfonso, Óscar-
dc.date.accessioned2019-10-16T13:23:09Z-
dc.date.available2019-10-16T13:23:09Z-
dc.date.issued2019-09-23-
dc.identifier.urihttp://hdl.handle.net/10316/87706-
dc.description.abstractIn 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.isoengpt
dc.relation.ispartofseriesCeBer Working Paper 2019-04;-
dc.rightsopenAccesspt
dc.subjectinflation, endogenous economic growth, complexity effects, entropy.pt
dc.titleInflation, Complexity and Endogenous Growthpt
dc.typeworkingPaperpt
dc.relation.publisherversionhttps://www.uc.pt/en/uid/ceber/working-paper?key=d0d50239pt
dc.peerreviewedyespt
dc.date.embargo2019-09-23*
uc.date.periodoEmbargo0pt
item.fulltextCom Texto completo-
item.grantfulltextopen-
item.languageiso639-1en-
crisitem.author.researchunitCentre for Business and Economics Research-
crisitem.author.orcid0000-0002-5501-1562-
Appears in Collections:I&D CeBER - Working Papers
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