Espinoza, Raphael; Leon, Hyginus; Prasad, Ananthakrishnan - In: World Bank Economic Review 26 (2011) 1, pp. 100-127
At what level should inflation be a concern? From a growth perspective, high and rising levels of inflation as in 2006–2008 raise concerns that inflation, if uncontained, could undermine growth. On the other hand, higher levels of inflation could create more space for using monetary policy to...
