Barro, Robert J. - National Bureau of Economic Research (NBER) - 1995
Data for around 100 countries from 1960 to 1990 are used to assess the effects of inflation on economic performance. If … increase in average inflation by 10 percentage points per year are a reduction of the growth rate of real per capita GDP by 0 … procedures use plausible instruments for inflation, there is some reason to believe that these relations reflect causal …