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http://hdl.handle.net/10419/28098
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| Title: | | Inflation and growth: new evidence from a dynamic panel threshold analysis  |
| Authors: | | Kremer, Stephanie Bick, Alexander Nautz, Dieter |
| Issue Date: | | 2009 |
| Series/Report no.: | | School of Business & Economics Discussion Paper 2009/9 |
| 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. |
| Subjects: | | Inflation Thresholds Inflation and Growth Dynamic Panel Threshold Model |
| JEL: | | E31 C23 O40 |
| ISBN: | | 978-3-941240-03-2 |
| Appears in Collections: | | Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin
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