their macroeconomic performance, measured by real GDP growth and CPI inflation. This paper constructs three novel inflation … not lead to superior growth and inflation rates in the short term …

This paper studies the impact of exchange rate regimes on inflation, nominal money growth, real interest rates, and … growth performance. We find that, for non-industrial economies, "long" pegs (defined as those lasting for five or more … consecutive years) are associated with lower inflation than floats, but at the cost of an inferior growth performance. A similar …

We study the relationship between exchange rate regimes and economic growth for a sample of 154 countries over the post … regimes are strongly associated with slower growth, as well as with greater output volatility. For industrial countries, on … the contrary, regimes do not appear to have any significant impact on growth. The results are robust to endogeneity …

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries. …

of parallel markets, trade deficits and rapid decline in real GDP growth. …