Threshold Effects in the Relationship Between Inflation and Growth:
This paper reexamines the issue of the existence of threshold effects in the relationship between inflation and growth, using new econometric techniques that provide appropriate procedures for estimation and inference. The threshold level of inflation above which inflation significantly slows growth...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2000
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Schriftenreihe: | IMF Working Papers
Working Paper No. 00/110 |
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 reexamines the issue of the existence of threshold effects in the relationship between inflation and growth, using new econometric techniques that provide appropriate procedures for estimation and inference. The threshold level of inflation above which inflation significantly slows growth is estimated at 1-3 percent for industrial countries and 7-11 percent for developing countries. The negative and significant relationship between inflation and growth, for inflation rates above the threshold level, is quite robust with respect to the estimation method, perturbations in the location of the threshold level, the exclusion of high-inflation observations, data frequency, and alternative specifications |
Beschreibung: | 1 Online-Ressource (32 p) |
ISBN: | 1451853335 9781451853339 |
Internformat
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spelling | Senhadji Semlali, A. Verfasser aut Threshold Effects in the Relationship Between Inflation and Growth Senhadji Semlali, A Washington, D.C International Monetary Fund 2000 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 00/110 This paper reexamines the issue of the existence of threshold effects in the relationship between inflation and growth, using new econometric techniques that provide appropriate procedures for estimation and inference. The threshold level of inflation above which inflation significantly slows growth is estimated at 1-3 percent for industrial countries and 7-11 percent for developing countries. The negative and significant relationship between inflation and growth, for inflation rates above the threshold level, is quite robust with respect to the estimation method, perturbations in the location of the threshold level, the exclusion of high-inflation observations, data frequency, and alternative specifications Online-Ausg Khan, Mohsin S. Sonstige oth http://elibrary.imf.org/view/IMF001/07399-9781451853339/07399-9781451853339/07399-9781451853339.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Senhadji Semlali, A. Threshold Effects in the Relationship Between Inflation and Growth |
title | Threshold Effects in the Relationship Between Inflation and Growth |
title_auth | Threshold Effects in the Relationship Between Inflation and Growth |
title_exact_search | Threshold Effects in the Relationship Between Inflation and Growth |
title_exact_search_txtP | Threshold Effects in the Relationship Between Inflation and Growth |
title_full | Threshold Effects in the Relationship Between Inflation and Growth Senhadji Semlali, A |
title_fullStr | Threshold Effects in the Relationship Between Inflation and Growth Senhadji Semlali, A |
title_full_unstemmed | Threshold Effects in the Relationship Between Inflation and Growth Senhadji Semlali, A |
title_short | Threshold Effects in the Relationship Between Inflation and Growth |
title_sort | threshold effects in the relationship between inflation and growth |
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