policy has a strong and statistically significant impact on broad money, non-oil activity, and inflation in the GCC region …

Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth …, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between inflation and growth. We use a … smooth transition model to investigate the speed at which inflation beyond a threshold becomes harmful to growth, an …