Başçı, Erdem; Başçı, Sıdıka - In: International Econometric Review (IER) 13 (2021) 3, pp. 59-70
is observed to be higher at high rates of nominal GDP growth. We first test for the presence of a two regime non … "harmful inflation" regime for higher nominal GDP growth rates, these results have strong implications for guiding recent … policy discussions on nominal GDP targeting. …