-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation … combination of circumstances-i.e. capital inflows, structural reforms and the peculiar recent inflation history-can explain that …

The impact of financial development (FD) on economic growth (EG) is well documented. However, studies on how inflation … mediates the impact of FD on EG produce inconclusive findings. Meanwhile, the tripartite relationship among FD, inflation and … policy making. This study therefore re-examines whether inflation mediates the FD–EG nexus by utilizing a panel data obtained …

This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07 % fall in long-run real rate of output through its effect on bank credit to the …

This paper investigates thresholds of inflation, government size, trade openness, and per capita income for the finance … inflation crowds out positive effects of financial depth on long-run growth, (ii) small government sizes hurt the finance …

This paper investigates inflation thresholds that lead to higher growth rates using five-year averages of standard … countries: (i) the catch-up effect has worked only when inflation is below 12%; (ii) the positive effect of human capital on … growth has been present and significant when inflation has been below 15%; (iii) financial development has been effective …

This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07% fall in long-run real rate of output through its effect on bank credit to the …

A large body of evidence links financial development to economic growth, yet the channels through which inflation … to examining 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 …

This paper shows that the effect of inflation on asset prices and real aggregates depends on the financial … inflation lead to a wealth transfer across sectors. Higher inflation decreases firms' real liabilities and default risk, which … theoretically that the ultimate effect of inflation depends on the tightness of financing constraints in the intermediation sector …

A large body of evidence links financial development to economic growth, yet the channels through which inflation … to examining 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 …

the inflation rate. Using five-year averages of standard measures of financial development, inflation, and growth for 84 … countries from 1960 to 1995, a series of rolling panel regressions show that there is an inflation threshold for the finance …-growth relationship that lies between 13 and 25 percent. When inflation exceeds the threshold, finance ceases to increase economic growth …