Minea, Alexandru; Rault, Christophe; Villieu, Patrick - William Davidson Institute, University of Michigan - 2008
Early theoretical growth models conclude that inflation is harmful or at best neutral
to economic growth, as Palivos & Yip …) question
the robustness of this result. Further contributions isolate a negative correlation
between inflation and economic … growth, but only for high inflation (Black et al.,
2001, or Bolton & Alexander, 2001), suggesting that the relation between …