Pindyck, Robert S.; Solimano, Andres - Economics Research, World Bank Group - 1993
studies of growth; (c) inflation is highly correlated with this volatility and is a robust determinant of investment and the … investment; and (d) the relationship between inflation and investment is nonlinear, and different thresholds of inflation, where … the relationship with investment becomes stronger, were detected for a group of high-inflation countries in Latin America …