Journal Article

Nonparametric and Semiparametric Evidence on the Long-Run Effects of Inflation on Growth


  • Schiavo
  • S.
  • Vaona
  • A.
Publication Date

In this paper we adopt both a nonparametric and a semi-parametric IV estimator to show that the relationship between inflation and output growth is non-linear and that there exists a threshold level below which inflation has no effects on growth.


JEL Classification
E21, O49, C14

Key Words

  • Growth
  • Inflation
  • Wachstum