Series: IMF Working Papers
Author(s): Atish Ghosh , and Steven Phillips
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 1998
Keywords: growth determinants, growth regressions, robustness, inflation rate, inflation rates, high inflation, low inflation
Although few would doubt that very high inflation is bad for growth, there is much less agreement about moderate inflation’s effects. Using panel regressions and a nonlinear specification, this paper finds a...