This paper investigates inflation thresholds that lead to higher growth rates using five-year averages of standard … countries: (i) the catch-up effect has worked only when inflation is below 12%; (ii) the positive effect of human capital on … growth has been present and significant when inflation has been below 15%; (iii) financial development has been effective …

This paper investigates thresholds of inflation, government size, trade openness, and per capita income for the finance … inflation crowds out positive effects of financial depth on long-run growth, (ii) small government sizes hurt the finance …

This paper investigates the effects of inflation on per capita income growth for 36 developed and developing countries … strength of their institutions. While the effects of inflation on growth are negative and significant in countries with …

A large body of evidence links financial development to economic growth, yet the channels through which inflation … to examining these channels, and find that higher levels of financial development, combined with low inflation, are … its explanatory power in the presence of high inflation. In particular, small increases in the price level seem able to …