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This paper challenges the conventional view according to which disinflations in LAC-even from low and moderate peaks-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation inertia when measuring costs of disinflations,...
Persistent link: https://www.econbiz.de/10010293509
In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have … impacts on growth in Turkey in the analyzed period. However, inflation uncertainty has much more negative effect on growth in … comparison with inflation. In other words, while 1% increase in inflation rate decrease growth 0.56%, an 1% increase in inflation …
Persistent link: https://www.econbiz.de/10010322130
Bu çalışmada, Türkiye'de enflasyon-ekonomik büyüme ilişkisi 1987:1-2003:2 dönemi için test edilmiştir. Çalışmadan elde edilen bulgulara göre; enflasyon ekonomik büyümeyi negative yönde etkilemektedir. Þöyle ki, enflasyon oranındaki %10'luk bir artış ekonomik büyümeyi %1.9...
Persistent link: https://www.econbiz.de/10010322148
quantification and implication of the degree of misalignment of the exchange rate on economic growth. Little research has, however …, been interested by the impact of the degree of misalignment on economic growth and the role of the policy mix in the … analyse the effect of misalignment on economic growth and the role of Policy mix in external stability. Our results suggest …
Persistent link: https://www.econbiz.de/10012004363
The relationship between inflation and economic growth is a contentious issue. The present study is undertaking to test … hypothesis that the relationship between inflation and economic growth is nonlinear. This pane data study involves ASEAN-5 … inflation and its effects on economic growth. Furthermore, we also check robustness by using GMM-IV specification. The study …
Persistent link: https://www.econbiz.de/10011859372
This paper examines the causal links between productivity growth and two price series given by domestic inflation and … stochastic translog cost frontier to generate improved estimates of total factor productivity (TFP) growth. The results indicate … negative unidirectional causality running from both price series to mining productivity growth. Regression analysis further …
Persistent link: https://www.econbiz.de/10009448290
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance … seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …
Persistent link: https://www.econbiz.de/10010264401
governments in economic growth and low unemployment in order to win elections, there should be a link between political business …
Persistent link: https://www.econbiz.de/10010270371
unionization of parliamentary members has a negative impact on economic growth and at the same time increases inflation while …
Persistent link: https://www.econbiz.de/10010270380
inflation and output growth is non-linear and that there exists a threshold level below which inflation has no effects on growth. …
Persistent link: https://www.econbiz.de/10010276546