Arbeitspapier
When Does Inflation Hurt Economic Growth? Different Nonlinearities for Different Economies
We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the nonlinearities are quite different for industrial economies than for developing countries. We find that the threshold at which inflation first begins to seriously negatively affect growth is around 8% for industrial economies but 3% or less for developing countries. Marginal growth costs for developing countries then decline significantly above 50% inflation. Failure to account for nonlinearity biases downward the estimated effects of inflation on growth. Mixing industrial and developing economies together also produces unreliable results.
- Sprache
-
Englisch
- Erschienen in
-
Series: Claremont Colleges Working Papers in Economics ; No. 2000-22
- Klassifikation
-
Wirtschaft
- Thema
-
inflation
growth
non-linearity
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Burdekin, Richard C.K.
Denzau, Arthur T.
Keil, Manfred W.
Sitthiyot, Thitithep
Willett, Thomas D.
- Ereignis
-
Veröffentlichung
- (wer)
-
Claremont McKenna College, Department of Economics
- (wo)
-
Claremont, CA
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Burdekin, Richard C.K.
- Denzau, Arthur T.
- Keil, Manfred W.
- Sitthiyot, Thitithep
- Willett, Thomas D.
- Claremont McKenna College, Department of Economics
Entstanden
- 2000
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