Estimating The Inflation-Growth Nexus-A Smooth Transition Model

Estimating The Inflation-Growth Nexus-A Smooth Transition Model
Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between inflation and growth. We use a smooth transition model to investigate the speed at which inflation beyond a threshold becomes harmful... READ MORE...

Publication date: March 2010
ISBN 9781451982190
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