کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5086496 1375190 2006 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Does inflation cause poor long-term growth performance?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Does inflation cause poor long-term growth performance?
چکیده انگلیسی
Countries that have experienced hyperinflation tend to display significantly lower inflation rates than countries that have not. Moreover, these experiences are reasonably uncorrelated with other determinants of long-term growth. This paper thus uses past hyperinflationary experiences to obtain instrumental variables estimates of the effects of inflation on growth. The results provide no indication that OLS estimates previously obtained overstate the effects of inflation. Further, they suggest that inflation has an adverse effect on growth that is economically significant and quite robust statistically.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Japan and the World Economy - Volume 18, Issue 1, January 2006, Pages 72-89
نویسندگان
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