Inflation, growth, and central banks : theory and evidence (English)

The author reviews the theory and evidence on inflation and growth and provides additional empirical evidence for a large cross-section of countries. The evidence, he reports, suggests a robust negative relationship between inflation and growth. He argues that inflation limits growth mainly by reducing the efficiency of investment rather than its level. But this finding is difficult to explain using traditional theories that rely on the effects of...

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Author

De Gregorio, Jose;
Document Date
1996/02/29
Document Type
Policy Research Working Paper
Report Number
WPS1575
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
Inflation, growth, and central banks : theory and evidence
Keywords
inflation

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Citation

De Gregorio, Jose.

Inflation, growth, and central banks : theory and evidence (English). Policy, Research working paper ; no. WPS 1575 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/191111468765871182

Inflation, growth, and central banks : theory and evidence (English)

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