Inflation crises and long-run growth / Michael Bruno, William Easterly Bruno, Michael

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Bruno, Michael
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Journal of Monetary Economics
Inflation (Finance); Economic development - Effect of inflation on.; Economics
Academic; Trade
Growth tends to be negatively affected only in the presence of discrete high inflation. An assessment of countries with high inflation showed that economic growth lowers significantly during discrete high inflation but recovers immmediately after inflation becomes lower. The lowering of inflation also results to a strong economic recovery as shown by some former Communist nations, such as Albania and Estonia.
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