Nonlinear Relation Between Inflation and Growth - Panel Data Analysis

Name: Nonlinear Relation Between Inflation and Growth - Panel Data Analysis
Brand: Grin Publishing
SKU: 9783656532064
Price: 9389 HUF
Availability: InStock

Szerző: Anna Miller

Nyelv:

Kötés: Puha kötésű

Kiadó: Grin Publishing

Elérhetőség: Beszállítói készleten

Küldés 5-8 napon belül

9 389 Ft

Master's Thesis from the year 2013 in the subject Economics - Economic Cycle and Growth, grade: 64%,...

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Szerző

Anna Miller

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2013

oldal

EAN

9783656532064

ISBN

3656532060

Enbook ID

05284326

Kiadó

Grin Publishing

Súly

Méretek

148 x 210 x 3

Teljes leírás

Master's Thesis from the year 2013 in the subject Economics - Economic Cycle and Growth, grade: 64%, University of Nottingham, language: English, abstract: This paper examines the inflation-growth interaction for different country groups with similar national incomes for the period 1970-2011. It could be confirmed that this relation is strictly nonlinear with a threshold level of inflation of 3% for high-income countries and 13% for low-income countries. Although this result is in line with previous empirical studies based on§a similar data set, much smaller samples needed to be used to obtain these results. Inflation threshold levels are estimated using the iteration method and different panel-specific techniques. Strongly significant thresholds were yielded only when controlling for country-fixed effects. Policymakers can use the findings for high-income or industrialised countries as a guide for inflation targeting, however more precise analyses for less advanced countries are needed in order to be useful for monetary policy.

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Nonlinear Relation Between Inflation and Growth - Panel Data Analysis

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