Arai, Mahmood; Kinnwall, Mats; Skogman Thoursie, Peter - Nationalekonomiska institutionen, Stockholms Universitet - 2002
Empirical foundations for the view that high inflation impairs GDP growth are <p> examined using annual data for 115 countries over the period 1960-1995. <p> Taking into account country heterogeneity and time-specific symmetric shocks, <p> as well as endogeneity of inflation and dynamics of GDP growth we...</p></p></p>