Journal Article
Nonparametric and Semiparametric Evidence on the Long-Run Effects of Inflation on Growth
Economics Letters
Autoren
Erscheinungsdatum
JEL Classification
E21
O49
C14
Schlagworte
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.
