Omay, Tolga; Öznur Kan, Elif - In: Economic Modelling 27 (2010) 5, pp. 996-1005
This paper analyzes the empirical relationship between inflation and output growth using a novel panel data estimation technique, Panel Smooth Transition Regression (PSTR) model, which takes account of the non-linearities in the data. By using a panel data set for 6 industrialized countries that...