Gillman, Max; Harris, Mark - Economics Section, Cardiff Business School - 2008
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect of inflation on growth, and one that declines in magnitude as the inflation rate … increases. These results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth …