Monetary policy, banking and growth / Joseph H. Haslag Haslag, Joseph H

User activity

Share to:
View the summary of this work
Author
Haslag, Joseph H
Appears In
Economic Inquiry
Subjects
Monetary policy - Econometric models.; Economic development -- Models; Banking industry -- Economic aspects
Audience
Academic
Summary
There is ample empirical evidence suggesting that countries with high inflation tend to grow slower than countries with low inflation. based on the regression evidence, the inflation-rate effect is fairly large; on average, per-capita real GDP grows between 1/4- and 3/4-percentage-points slower in a country in which the average inflation rate is 10% as compared with a country in which inflation is 0%. The purpose of this paper is to determine whether a model economy that is reasonably calibrated can account for such large inflation-rate effects. The answer is yes.
Bookmark
http://trove.nla.gov.au/work/259562
Work ID
259562

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this work

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this work

Add a comment


Show comments and reviews from Amazon users