Kiel Working Papers, Kiel Institute for World Economics
No 1286:
Nonparametric and Semiparametric Evidence on the Long-Run Effects of Inflation on Growth
Andrea Vaona and Stefano Schiavo
Abstract: In this paper we adopt both a nonparametric and a
semi-parametric IV estimator to show that the relationship between
inflation and output growth is non-linear and that there exists a threshold
level below which inflation has no effects on growth.
Keywords: Inflation, Growth; (follow links to similar papers)
JEL-Codes: E31,; O49,; C14; (follow links to similar papers)
10 pages, July 2006
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