Nonlinear Effects of Inflationon Economic Growth:
This paper examines the possibility of nonlinear effects of inflation on economic growth. It finds evidence of a significant structural break in the function that relates economic growth to inflation. The break is estimated to occur when the inflation rate is 8 percent. Below that rate, inflation do...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1995
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Schriftenreihe: | IMF Working Papers
Working Paper No. 95/56 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines the possibility of nonlinear effects of inflation on economic growth. It finds evidence of a significant structural break in the function that relates economic growth to inflation. The break is estimated to occur when the inflation rate is 8 percent. Below that rate, inflation does not have any effect on growth, or it may even have a slightly positive effect. When the inflation rate is above 8 percent, however, the estimated effect of inflation on growth rates is significant, robust and extremely powerful. The paper also demonstrates that when the existence of the structural break is ignored, the estimated effect of inflation on growth is biased by a factor of three |
Beschreibung: | 1 Online-Ressource (26 p) |
ISBN: | 1451968310 9781451968316 |
Internformat
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spelling | Sarel, Michael Verfasser aut Nonlinear Effects of Inflationon Economic Growth Sarel, Michael Washington, D.C International Monetary Fund 1995 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 95/56 This paper examines the possibility of nonlinear effects of inflation on economic growth. It finds evidence of a significant structural break in the function that relates economic growth to inflation. The break is estimated to occur when the inflation rate is 8 percent. Below that rate, inflation does not have any effect on growth, or it may even have a slightly positive effect. When the inflation rate is above 8 percent, however, the estimated effect of inflation on growth rates is significant, robust and extremely powerful. The paper also demonstrates that when the existence of the structural break is ignored, the estimated effect of inflation on growth is biased by a factor of three Online-Ausg http://elibrary.imf.org/view/IMF001/04964-9781451968316/04964-9781451968316/04964-9781451968316.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Sarel, Michael Nonlinear Effects of Inflationon Economic Growth |
title | Nonlinear Effects of Inflationon Economic Growth |
title_auth | Nonlinear Effects of Inflationon Economic Growth |
title_exact_search | Nonlinear Effects of Inflationon Economic Growth |
title_exact_search_txtP | Nonlinear Effects of Inflationon Economic Growth |
title_full | Nonlinear Effects of Inflationon Economic Growth Sarel, Michael |
title_fullStr | Nonlinear Effects of Inflationon Economic Growth Sarel, Michael |
title_full_unstemmed | Nonlinear Effects of Inflationon Economic Growth Sarel, Michael |
title_short | Nonlinear Effects of Inflationon Economic Growth |
title_sort | nonlinear effects of inflationon economic growth |
url | http://elibrary.imf.org/view/IMF001/04964-9781451968316/04964-9781451968316/04964-9781451968316.xml |
work_keys_str_mv | AT sarelmichael nonlineareffectsofinflationoneconomicgrowth |