Henry, Peter Blair (contributor) - 2000 - [Elektronische Ressource]
Abstract
When countries attempt to stabilize annual inflation rates greater than 40 percent, the
domestic stock market … appreciates by 24 percent on average. Therefore, the long-run
growth benefit of reducing high inflation outweighs the short …-
stabilization inflation rate is less than 40 percent. Hence, the net growth benefit of
reducing moderate inflation is negligible …