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This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …
Persistent link: https://www.econbiz.de/10011875376
product (GDP) growth rate and the consumer price index (CPI) inflation rate, in three countries, the People's Republic of … economy. On the other hand, however, the impact of oil price fluctuations on the People's Republic of China's inflation rate …
Persistent link: https://www.econbiz.de/10011374641
This study challenges the traditional way of examining the "inflation-output growth nexus". Research at the aggregate … level yields mostly ambiguous results, we perform a dis-aggregated analysis of output growth and inflation. For each sector … - industry, services and agriculture - we consider inflation and the value-added growth in a sample of 113 developing (low and …
Persistent link: https://www.econbiz.de/10011483192
is little evidence regarding its impact on inflation. In this study, the nexus between corruption and inflation was … investigated for 20 countries over the period 1995–2015. Estimation results indicated that high corruption increased inflation … rates, and that there was a unidirectional causal relationship from corruption to inflation for ten countries in the sample. …
Persistent link: https://www.econbiz.de/10011778653
growth, inflation rate, and exchange rate on the balance of payments by net foreign assets (NFA) in 17 developing countries … results indicate that domestic credit, interest rate, inflation and exchange rate have a significantly negative, while real …
Persistent link: https://www.econbiz.de/10014312315
Persistent link: https://www.econbiz.de/10008735701
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices. …
Persistent link: https://www.econbiz.de/10011307888
Federal Reserve and the rate of inflation. Hence, the Federal Reserve actually retains its interest rate at the level of true … price inflation when corrected for the bias in the GDP deflator …
Persistent link: https://www.econbiz.de/10013105981
This paper examines the relationship between inflation and inflation uncertainty for both developed and emerging … countries. We find new evidence that suggests positive inflationary shocks have stronger impacts on inflation uncertainty for …
Persistent link: https://www.econbiz.de/10012780027
output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized vector autoregression analysis. Nominal … historical wage shocks are shown to have an important effect on movements in inflation only in Mexico. Generalized impulse … reduction in output. Inflation increases in all countries, particularly Mexico. A positive shock to nominal money growth raises …
Persistent link: https://www.econbiz.de/10012781571