Inflation, endogenous quality increment, and economic growth

Aghion, 1992, A model of growth through creative destruction, Econometrica, 60, 323, 10.2307/2951599 Ahmed, 2000, Inflation and the great ratios: Long term evidence from the US, J. Monetary Econ., 45, 3, 10.1016/S0304-3932(99)00040-9 Arawatari, 2018, On the nonlinear relationship between inflation and growth: A theoretical exposition, J. Monetary Econ., 10.1016/j.jmoneco.2017.12.001 Banerjee, 2001, An I (2) analysis of inflation and the markup, J. Appl. Econometrics, 16, 221, 10.1002/jae.609 Banerjee, 2001, The relationship between the markup and inflation in the G7 economies and Australia, Rev. Econ. Stat., 83, 377, 10.1162/00346530151143897 Barro, 2013, Inflation and economic growth, Ann. Econ. Finance, 14, 121 Bates, 2009, Why do US firms hold so much more cash than they used to?, J. Finance, 64, 1985, 10.1111/j.1540-6261.2009.01492.x Bils, 1987, The cyclical behavior of marginal cost and price, Amer. Econ. Rev., 838 Bond, 1996, A general two-sector model of endogenous growth with human and physical capital: balanced growth and transitional dynamics, J. Econom. Theory, 68, 149, 10.1006/jeth.1996.0008 Booth, 2001, The relationship between nominal interest rates and inflation: international evidence, J. Multinatl. Financ. Manag., 11, 269, 10.1016/S1042-444X(01)00030-5 Brown, 2012, Do financing constraints matter for R&D?, Eur. Econ. Rev., 56, 1512, 10.1016/j.euroecorev.2012.07.007 Brown, 2015, Which investments do firms protect? Liquidity management and real adjustments when access to finance falls sharply, J. Financ. Intermed., 24, 441, 10.1016/j.jfi.2014.03.002 Burdekin, 2004, When does inflation hurt economic growth? Different nonlinearities for different economies, J. Macroeconomics, 26, 519, 10.1016/j.jmacro.2003.03.005 Caballero, 2002, How high are the giants’ shoulders: an empirical assessment of knowledge spillovers and creative destruction in a model of economic growth Chang, 2019, Inflation targeting, pattern of trade, and economic dynamics, Macroecon. Dyn., 23, 2748, 10.1017/S1365100517000955 Chu, 2014, R&D and economic growth in a cash-in-advance economy, Internat. Econom. Rev., 55, 507, 10.1111/iere.12059 Chu, 2017, Inflation and economic growth in a schumpeterian model with endogenous entry of heterogeneous firms, Eur. Econ. Rev., 98, 392, 10.1016/j.euroecorev.2017.07.006 Chu, 2015, Inflation, R&D and growth in an open economy, J. Int. Econ., 96, 360, 10.1016/j.jinteco.2015.03.007 Chu, 2016, Monetary policy and endogenous market structure in a Schumpeterian economy, Macroecon. Dyn., 20, 1127, 10.1017/S1365100514000765 Chu, 2013, Money and the welfare cost of inflation in an R&D growth model, J. Money Credit Bank., 45, 233, 10.1111/j.1538-4616.2012.00568.x Cooley, 1989, The inflation tax in a real business cycle model, Amer. Econ. Rev., 733 Cozzi, 2007, The refoundation of the symmetric equilibrium in schumpeterian growth models, J. Econom. Theory, 136, 788, 10.1016/j.jet.2006.10.006 Dotsey, 2000, Inflation uncertainty and growth in a cash-in-advance economy, J. Monetary Econ., 45, 631, 10.1016/S0304-3932(00)00005-2 Eggoh, 2014, On the nonlinear relationship between inflation and economic growth, Res. Econ., 68, 133, 10.1016/j.rie.2014.01.001 Fuerst, 1992, Liquidity, loanable funds, and real activity, J. Monetary Econ., 29, 3, 10.1016/0304-3932(92)90021-S Gali, 2007, Markups, gaps, and the welfare costs of business fluctuations, Rev. Econ. Stat., 89, 44, 10.1162/rest.89.1.44 Gil, 2020, Endogenous growth and real effects of monetary policy: R&D and physical capital complementarities, J. Money Credit Bank., 52, 1147, 10.1111/jmcb.12632 Grossman, 1991, Quality ladders in the theory of growth, Rev. Econom. Stud., 58, 43, 10.2307/2298044 Haskel, 1995, Price, marginal cost and the business cycle, Oxf. Bull. Econ. Stat., 57, 25, 10.1111/j.1468-0084.1995.tb00025.x Hori, 2017, Monetary policy, financial frictions, and heterogeneous R&D firms in an endogenous growth model, Scand. J. Econ. Howitt, 1999, Steady endogenous growth with population and R&D inputs growing, J. Polit. Econ., 107, 715, 10.1086/250076 Huang, 2021 Huang, 2017, The growth and welfare analysis of patent and monetary policies in a schumpeterian economy, Int. Rev. Econ. Finance, 52, 409, 10.1016/j.iref.2017.03.010 Jones, 2000, Too much of a good thing? The economics of investment in R&D, J. Econ. Growth, 5, 65, 10.1023/A:1009826304308 Khan, 2001, Threshold effects in the relationship between inflation and growth, IMF Staff Papers, 48, 1, 10.2307/4621658 Kortum, 1997, Research, patenting, and technological change, Econometrica, 65, 1389, 10.2307/2171741 Kremer, 2013, Inflation and growth: new evidence from a dynamic panel threshold analysis, Empir. Econ., 1 Laitner, 2013, Derivative ideas and the value of intangible assets, Internat. Econom. Rev., 54, 59, 10.1111/j.1468-2354.2012.00726.x Lanjouw, 1998, Patent protection in the shadow of infringement: Simulation estimations of patent value, Rev. Econom. Stud., 65, 671, 10.1111/1467-937X.00064 Liu, 2008, Differential cash constraints, financial leverage and the demand for money: Evidence from a complete panel of Taiwanese firms, J. Macroecon., 30, 523, 10.1016/j.jmacro.2007.01.002 López-Villavicencio, 2011, On the impact of inflation on output growth: Does the level of inflation matter?, J. Macroeconomics, 33, 455, 10.1016/j.jmacro.2011.02.003 Lucas, 1980, Equilibrium in a pure currency economy, Econ. Inq., 18, 203, 10.1111/j.1465-7295.1980.tb00570.x Lyandres, 2016, Cash holdings, competition, and innovation, J. Financ. Quant. Anal., 51, 1823, 10.1017/S0022109016000697 Ma, 2020, First-mover advantage, time to finance, and cash holdings, J. Corp. Finance, 62, 10.1016/j.jcorpfin.2020.101584 Marquis, 1994, New technology spillovers into the payment system, Econom. J., 1123 Martins, 2002, Estimation of the cyclical behaviour of mark-ups: a technical note, OECD Econ. Stud., 2002, 173, 10.1787/eco_studies-v2002-art6-en Mishkin, 1992, Is the Fisher effect for real? : A reexamination of the relationship between inflation and interest rates, J. Monetary Econ., 30, 195, 10.1016/0304-3932(92)90060-F Nekarda, 2013 Oikawa, 2018, The optimal inflation rate under schumpeterian growth, J. Monetary Econ., 100, 114, 10.1016/j.jmoneco.2018.07.012 Peretto, 1998, Technological change and population growth, J. Econ. Growth, 3, 283, 10.1023/A:1009799405456 Peretto, 2007, The manhattan metaphor, J. Econ. Growth, 12, 329, 10.1007/s10887-007-9023-1 Phaneuf, 2018, Inflation, output and markup dynamics with purely forward-looking wage and price setters, Eur. Econ. Rev., 105, 115, 10.1016/j.euroecorev.2018.03.010 Romer, 1990, Endogenous technological change, J. Polit. Econ., 98, S71, 10.1086/261725 Rotemberg, 1991, Markups and the business cycle, NBER Macroecon. Annu., 6, 63, 10.1086/654159 Rotemberg, 1999, The cyclical behavior of prices and costs, Handb. Macroecon., 1, 1051, 10.1016/S1574-0048(99)10024-7 Sarel, 1996, Nonlinear effects of inflation on economic growth, IMF Staff Papers, 43, 199, 10.2307/3867357 Segerstrom, 1998, Endogenous growth without scale effects, Amer. Econ. Rev., 88, 1290 Stroebel, 2019, House prices, local demand, and retail prices, J. Polit. Econ., 127, 1391, 10.1086/701422 Vaona, 2012, Inflation and growth in the long run: A new keynesian theory and further semiparametric evidence, Macroecon. Dyn., 16, 94, 10.1017/S1365100510000453 Wang, 1992, Alternative approaches to money and growth, J. Money Credit Bank., 24, 553, 10.2307/1992811 Wu, 2001, The effects of inflation on the number of firms and firm size, J. Money Credit Bank., 251, 10.2307/2673884 Zheng, 2019, Inflation and growth: A non-monotonic relationship in an innovation-driven economy, Macroecon. Dyn., 1