@techreport{Kremer2009Inflation,
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.},
address = {Berlin},
author = {Stephanie Kremer and Alexander Bick and Dieter Nautz},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
isbn = {978-3-941240-03-2},
keywords = {E31; C23; O40; 330; Inflation Thresholds; Inflation and Growth; Dynamic Panel Threshold Model},
language = {eng},
number = {2009/9},
publisher = {Freie Univ., Fachbereich Wirtschaftswiss.},
title = {Inflation and growth: new evidence from a dynamic panel threshold analysis},
type = {School of Business & Economics Discussion Paper},
url = {http://hdl.handle.net/10419/28098},
year = {2009}
}

