monetary policies based on the inflation targeting regime. Nevertheless, there is no theoretical evidence as to which inflation … determine which inflation level is a threshold for the economic growth. The aim of this study is to examine the relationship … between price stability and economic growth of the selected countries applying inflation targeting. We use threshold dynamic …

of capital effect and the substitution effect. The results demonstrate that financial inclusion level affects inflation … of shocks in financial inclusion on inflation is not permanent. Meanwhile, fintech only affects inflation rate in the … short run. However, shocks in fintech affect the volatility of inflation rate is permanent both through the substitution …