【IMI Working Paper No. 1403 [EN]】Inflation and Economic Growth A Hump-shaped Relationship

2014-03-03 IMI

【Abstract】 Existing empirical evidence suggests that the relationship between inflation and long-run growth can be hump-shaped. However, the theoretical literature has mainly focused on either a negative or a positive impact of inflation on growth. Our paper revisits the relationship using Barro (1990) framework and finds that the nonlinear hump-shaped relation can be achieved. 【Author】 Liu Xiangbo: Research fellow of IMI, Renmin University of China 【IMI Working Paper No. 1403 [EN]】Inflation and Economic Growth A Hump-shaped Relationship

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【IMI Working Paper No. 1403 [EN]】Inflation and Economic Growth A Hump-shaped Relationship

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