Working Paper

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

Authors

  • Stefano Schiavo
  • Andrea Vaona
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.

Info

JEL Classification
E31, O49, C14

Key Words

  • Growth
  • Inflation
  • Wachstum