Balcilar, Mehmet; Gupta, Rangan; Jooste, Charl - Department of Economics, Faculty of Economic and … - 2014
We try and detect whether there exists a threshold level of inflation for the US economy over 1801-2013, beyond which … semiparametric (SNP-IV) methods to obtain inflation thresholds for the United States. The results suggest that the relationship … between growth and inflation is hump shaped—that higher levels of inflation reduce growth more. Our results consistently show …