Choi, Sangyup; Furceri, Davide; Loungani, Prakash - 2018
Central bankers often assert that low inflation and anchoring of inflation expectations are good for economic growth … (Bernanke 2007, Plosser 2007). We test this claim using panel data on sectoral growth for 22 manufacturing industries for 36 … of government, overall economic growth, monetary policy counter-cyclicality and the level of inflation. Importantly, the …