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In the USA a high relative price of housing is associated with log GDP growth over the following 5 years. It is …
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This thesis is concerned with the effects of inflation on output growth and on its determinants. In the first step …, ourstudy analyzes two aspects of the inflation–growth relationship. First, it examines the nonlinearity of the … relationshipbetween inflation and output growth and identifies several thresholds for the global sample and for various incomespecificsub …
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