The aim of this paper is to estimate long run relationships and threshold effects between inflation and economic growth … Inflation rate finding a corresponding elasticity significantly negative. Moreover, the causal relationship between these two … estimated threshold model suggests 9 percent as the threshold level (i.e., structural break point) of inflation above which …

inflation rate much higher than that of the reference industrial countries; has accumulated a debilitating public debt; and has …

in ERPT to CPI inflation for the Finnish economy. Within a logistic smooth transition framework, our investigations …

effect on a better explanation of the long-run relationship between growth, inflation and other monetary phenomena. The first …

The empirical evidence suggests that there is a significant, negative relationship between inflation and economic …. Therefore the technology of the financial sector influences the velocity of money, and consequently, how inflation affects … generates an inflation-growth effect whose magnitude falls in the range found by the empirical studies. Moreover, in contrast to …

A large body of evidence links financial development to economic growth, yet the channels through which inflation … to analyzing these channels, and find that higher levels of financial development, combined with low inflation, are … its explanatory power in the presence of high inflation. In particular, small increases in the price level seem able to …