Publication
Jul 2006
This paper reassesses the long-run relationship between inflation and economic growth by means of both a nonparametric estimator and a semiparametric instrumental variable estimator. The authors argue that the relationship is non-linear and that there exists a threshold level below which inflation has no effects on growth.
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English (PDF, 10 pages, 247 KB) |
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Author | Andrea Vaona, Stefano Schiavo |
Series | Kiel Institute Working Papers |
Issue | 1286 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2006 Kiel Institute for the World Economy |