English, Article, Journal or magazine article edition: Inflation and Growth: New Evidence From a Dynamic Panel Threshold Analysis Stephanie Kremer; Alexander Bick; Dieter Nautz

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Bookmark: http://trove.nla.gov.au/version/76380
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Inflation and Growth: New Evidence From a Dynamic Panel Threshold Analysis
Author
  • Stephanie Kremer
  • Alexander Bick
  • Dieter Nautz
Physical Description
  • preprint
Notes
  • We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation on growth remains insignificant. Therefore, our results do not support growth-enhancing effects of inflation in developing countries.
  • Inflation Thresholds, Inflation and Growth, Dynamic Panel Threshold Model
  • RePEc:hum:wpaper:sfb649dp2009-036
Language
  • English
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