Inflation and Growth
dc.contributor.author | Kremer, Stephanie | |
dc.contributor.author | Bick, Alexander | |
dc.contributor.author | Nautz, Dieter | |
dc.date.accessioned | 2017-06-15T23:57:36Z | |
dc.date.available | 2017-06-15T23:57:36Z | |
dc.date.created | 2010-05-20 | |
dc.date.issued | 2009-07-07 | |
dc.identifier.issn | 1860-5664 | |
dc.identifier.uri | http://edoc.hu-berlin.de/18452/4853 | |
dc.description.abstract | 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. | eng |
dc.language.iso | eng | |
dc.publisher | Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät | |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
dc.subject | Inflation Thresholds | eng |
dc.subject | Inflation and Growth | eng |
dc.subject | Dynamic Panel Threshold Model | eng |
dc.subject.ddc | 330 Wirtschaft | |
dc.title | Inflation and Growth | |
dc.type | workingPaper | |
dc.identifier.urn | urn:nbn:de:kobv:11-100110647 | |
dc.identifier.doi | http://dx.doi.org/10.18452/4201 | |
local.edoc.pages | 22 | |
local.edoc.type-name | Diskussionspapier | |
local.edoc.container-type | series | |
local.edoc.container-type-name | Schriftenreihe | |
local.edoc.container-year | 2009 | |
dc.title.subtitle | New Evidence From a Dynamic Panel Threshold Analysis | |
dc.identifier.zdb | 2195055-6 | |
bua.series.name | Sonderforschungsbereich 649: Ökonomisches Risiko | |
bua.series.issuenumber | 2009,36 |