Inflation and Growth: Stories Short and Tall
回顾了经济学家关于通货膨胀对增长影响的各种说法，指出非正式解释常见但缺乏核心效应的模型，且实证证据因计量问题而缺乏说服力，并评估了相关研究并提出改进方向。
This paper reviews the stories that economists tell about the growth effects of inflation. Informal accounts are common, but there are few models that get to grips with the effects that are probably central. Partly as a result of this, and partly as a result of many econometric problems, much of the empirical evidence remains unconvincing. The paper assesses the various contributions, and suggests possible improvements.