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This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …
Persistent link: https://www.econbiz.de/10011875376
In this paper, we study some continuous-time cash-in-advanced models in which interest rate smoothing is optimal. We consider both deterministic and stochastic models.
Persistent link: https://www.econbiz.de/10005808110
The aim of this paper is to estimate long run relationships and threshold effects between inflation and economic growth … Inflation rate finding a corresponding elasticity significantly negative. Moreover, the causal relationship between these two … estimated threshold model suggests 9 percent as the threshold level (i.e., structural break point) of inflation above which …
Persistent link: https://www.econbiz.de/10008691743
In this paper we investigate the role of inflation rates in determining economic growth in fifteen sub-Saharan African … in all, we highlight not only the fact that inflation has offset the prospective Mundell-Tobin effect and consequently …
Persistent link: https://www.econbiz.de/10010734909
In this paper we investigate the role of inflation rates in determining economic growth in fifteen sub-Saharan African … in all, we highlight not only the fact that inflation has o¤set the prospective Mundell-Tobin effect and consequently …
Persistent link: https://www.econbiz.de/10010734912
by low inflation, robust growth and low level of bureaucratic corruption due to better governance. In contrast, the … corruption, high inflation due partly to reliance on seigniorage to finance public spending, and lacklustre growth. Using annual …
Persistent link: https://www.econbiz.de/10011166989
The analysis of inflation’s effect on investment can contribute to a deeper understanding of the benefits of a monetary … conclusions about the inflation-investment relationship that can be drawn from traditional monetary models with exogenous growth …-makers to fail to take proper account of inflation’s impact on investment. We then survey research which, contrary to monetary …
Persistent link: https://www.econbiz.de/10008784503
the effects of monetary policy depend on the level of development. In particular, inflation adversely affects capital …
Persistent link: https://www.econbiz.de/10010580493
In this paper we investigate the role of macroeconomic performance, mainly in terms of rates of inflation, in … empirical results, based on panel time-series data and analysis, confirm the anecdotal evidence which suggests that inflation … has had a detrimental effect to growth in the region. All in all, we highlight the fact that excessive inflation has …
Persistent link: https://www.econbiz.de/10010577080
effect on a better explanation of the long-run relationship between growth, inflation and other monetary phenomena. The first …
Persistent link: https://www.econbiz.de/10010940914