Nonparametric and Semiparametric Evidence on the Long-Run Effects of Inflation on Growth

Autoren

• Schiavo
• S.
• Vaona
• A.

Erscheinungsdatum

JEL Classification

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.