Kniha Nonlinear Relation Between Inflation and Growth - Panel Data Analysis Anna Miller

Nonlinear Relation Between Inflation and Growth - Panel Data Analysis

Autor: Anna Miller
Jazyk: Angličtina
Vazba: Brožovaná
Vydavatel: Grin Publishing
Dostupnost: Skladem u dodavatele
Odesíláme za 5-8 dnů
554
Master's Thesis from the year 2013 in the subject Economics - Economic Cycle and Growth, grade: 64%,...

Informace o knize

Autor
Jazyk
Angličtina
Vazba
Kniha - Brožovaná
Vydáno
2013
Stránek
52
EAN
9783656532064
ISBN
3656532060
Enbook ID
05284326
Vydavatel
Hmotnost
82
Rozměry
148 x 210 x 3

Kompletní popis

Master's Thesis from the year 2013 in the subject Economics - Economic Cycle and Growth, grade: 64%, University of Nottingham, language: English, abstract: This paper examines the inflation-growth interaction for different country groups with similar national incomes for the period 1970-2011. It could be confirmed that this relation is strictly nonlinear with a threshold level of inflation of 3% for high-income countries and 13% for low-income countries. Although this result is in line with previous empirical studies based on§a similar data set, much smaller samples needed to be used to obtain these results. Inflation threshold levels are estimated using the iteration method and different panel-specific techniques. Strongly significant thresholds were yielded only when controlling for country-fixed effects. Policymakers can use the findings for high-income or industrialised countries as a guide for inflation targeting, however more precise analyses for less advanced countries are needed in order to be useful for monetary policy.

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