inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2002, 2004) and cluster procedures (Hobijn and …Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of …

This study analyzes the time stability of both the GDP beta convergence and the impact of monetary policy variables on … – at 3% p.a. (2) The pure mechanism of conditional convergence of the countries under study was rather constant over time …

This paper analyzes the time stability of the GDP beta convergence in two subsamples: EU27 countries during 1993 … compared with the widely cited 2% rate of convergence. (2) The pure mechanism of conditional convergence of the countries under … study was rather constant over time: there were periods of more rapid or slower convergence but the differences were not as …

potentially nonlinear effects of inflation on economic growth. We find that inflation is associated with significantly lower … effects of inflation on economic growth. We also document significant variation in the effect of inflation on growth across …

potentially nonlinear effects of inflation on economic growth. We find that inflation is associated with significantly lower … effects of inflation on economic growth. We also document significant variation in the effect of inflation on growth across …

it exceeds 5.43% but has no effect below this level. Different estimation methods determine that the effect of inflation …This paper investigates the existence of a threshold level for inflation and how any such level affects the growth of … observe a nonlinear relationship between inflation and economic growth for 32 Asian countries over the period 1980–2009. We …

inflation. The results are robust across the model specification and estimation method. Most of the results point out that the …This paper aims to reassess the contribution of the Balassa-Samuelson effect to the inflation and real exchange rate … efforts of CEECs to stay on the path of real convergence. The Balassa-Samuelson effect explains less than 1.5 percentage …

understand the relationship between inflation and economic growth in order to make sound policies. If inflation is detrimental to … economic growth, then policy makers should aim for low rate of inflation. This leads to a question; how low should the … inflation rate be? Previous research in the non-linearities of the inflation-growth relationship has found that a positive …