Cuaresma, Jesús Crespo; Silgoner, Maria Antoinette - University of Vienna, Department of Economics - 2004
This paper reassesses the impact of in°ation on long-term growth for a panel of 14 EU countries. While previous research focuses on a linear nexus or allows for a piecewise linear relationship with one single threshold, we take account of a more complex relationship. We use a theoretical...