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IMF Staff Papers [electronic resource] : Volume 48, No. 1, Flood, Robert P..

Author/Creator:
Flood, Robert P.
Publication:
Washington, D.C. : International Monetary Fund, 2001.
Series:
IMF eLibrary
IMF Staff Papers; IMF Staff Papers, Volume 48, No. 1.
IMF Staff Papers; IMF Staff Papers, Volume 48, No.
Format/Description:
Government document
Book
1 online resource (232 p.)
Local subjects:
Annual inflation.
Annual inflation rate.
Distribution of inflation.
Effect of inflation.
Effects of inflation.
Extreme inflation.
Extreme inflation observations.
Foreign exchange.
High inflation.
Higher rates of inflation.
Increase in inflation.
Inflation.
Inflation crises.
Inflation observations.
Inflation rate.
Inflation rates.
Inflation tax.
Low inflation.
Low levels of inflation.
Low rate of inflation.
Lower inflation.
Monetary economics.
Monetary fund.
Percent annual inflation.
Percent inflation.
Percent inflation rate.
Rate of inflation.
Rates of inflation.
Relative price.
Relative prices.
Terms of trade.
Colombia.
Summary:
This paper re-examines the issue of the existence of threshold effects in the relationship between inflation and growth, using new econometric techniques that provide appropriate procedures for estimation and inference. The threshold level of inflation above which inflation significantly slows growth is estimated at 1-3 percent for industrial countries and 11-12 percent for developing countries. The negative and significant relationship between inflation and growth, for inflation rates above the threshold level, is quite robust with respect to the estimation method, perturbations in the location of the threshold level, the exclusion of high-inflation observations, data frequency, and alternative specifications.
Notes:
Description based on print version record.
Contributor:
Flood, Robert P.
Other format:
Print Version:
ISBN:
1451974612:
9781451974614
ISSN:
1020-7635
Publisher Number:
10.5089/9781451974614.024
Access Restriction:
Restricted for use by site license.
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