Journal Article
Nonparametric and Semiparametric Evidence on the Long-Run Effects of Inflation on Growth
Economics Letters
Authors
Publication Date
JEL Classification
E21
O49
C14
Key Words
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.
