Arbeitspapier
Inflation and growth: New evidence from a dynamic panel threshold analysis
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation on growth remains insignificant. Therefore, our results do not support growth-enhancing effects of inflation in developing countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: SFB 649 Discussion Paper ; No. 2009,036
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Economic Growth and Aggregate Productivity: General
- Thema
-
Inflation thresholds
inflation and growth
dynamic panel threshold model
Inflation
Inflationsrate
Wirtschaftswachstum
Panel
Schätzung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kremer, Stephanie
Bick, Alexander
Nautz, Dieter
- Ereignis
-
Veröffentlichung
- (wer)
-
Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
- (wo)
-
Berlin
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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
- Kremer, Stephanie
- Bick, Alexander
- Nautz, Dieter
- Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
Entstanden
- 2009
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