López-Villavicencio, Antonia; Mignon, Valérie - In: Journal of Macroeconomics 33 (2011) 3, pp. 455-464
This paper investigates the growth effects of inflation on a wide sample of countries, including both industrialized … findings offer strong evidence that inflation non-linearly impacts economic growth. More specifically, there exists a threshold … beyond which inflation exerts a negative effect on growth, and below which it is growth enhancing for advanced countries. …