Inflation, Disinflation, and Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Inflation, Disinflation, and Growth write by Mr.Atish R. Ghosh. This book was released on 1998-05-01. Inflation, Disinflation, and Growth available in PDF, EPUB and Kindle. Although few would doubt that very high inflation is bad for growth, there is much less agreement about moderate inflation’s effects. Using panel regressions and a nonlinear specification, this paper finds a statistically and economically significant negative relationship between inflation and growth. This relationship holds at all but the lowest inflation rates and is robust across various samples and specifications. The method of binary recursive trees identifies inflation as one the most important statistical determinants of growth. Finally, while there are short-run growth costs of disinflation, these are only relevant for the most severe disinflations, or when the initial inflation rate is well within the single-digit range.
Inflation Disinflation Anf Growth
Inflation Disinflation Anf Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Inflation Disinflation Anf Growth write by Atish R. Ghosh. This book was released on 1998. Inflation Disinflation Anf Growth available in PDF, EPUB and Kindle.
From Inflation to Growth
From Inflation to Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook From Inflation to Growth write by Mr.Peter Doyle. This book was released on 1998-07-01. From Inflation to Growth available in PDF, EPUB and Kindle. This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate; that structural reform has been associated with weaker output initially, but that it stimulates higher growth thereafter; and that rapid disinflation has been associated with output losses only in the presence of pegged exchange rates.
From Inflation to Growth
From Inflation to Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook From Inflation to Growth write by Peter Christoffersen. This book was released on 2006. From Inflation to Growth available in PDF, EPUB and Kindle. This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate; that structural reform has been associated with weaker output initially, but that it stimulates higher growth thereafter; and that rapid disinflation has been associated with output losses only in the presence of pegged exchange rates.
Does Inflation Harm Economic Growth?
Does Inflation Harm Economic Growth? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Does Inflation Harm Economic Growth? write by Javier Andrés. This book was released on 1997. Does Inflation Harm Economic Growth? available in PDF, EPUB and Kindle. The purpose of this paper is to study the correlation among growth and inflation at the OECD level, within the framework of the so-called convergence equations, and to discuss whether this correlation withstands a number of improvements in the empirical models, which try to address the most common criticisms of this evidence. The main findings are the following: 1) the negative correlation among growth and inflation is not explained by the experience of high-inflation economies; 2) the estimated costs of inflation are still significant once country-specific effects are allowed for in the empirical model; and 3) the observed correlation cannot be dismissed on the grounds of reverse causation (from GDP to inflation).
