Naslov
Investigating Non-Linearities in the Inflation-Growth Trade-off in Transition Countries

Autori
Malešević, Lena

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Skup
13th Dubrovnik Economic Conference

Mjesto i datum
Dubrovnik, Hrvatska, 27.06.2007. - 30.06.2007

Vrsta sudjelovanja
Pozvano predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
inflation; growth; non-linearities; transition countries

Sažetak
This paper investigates the inflation-growth relationship in transition countries via dynamic panel analyses. Following recent theoretical arguments, we assess the existence of non-linearities in this relationship. It has been suggested that the positive effects of low inflation on growth differ between developing and developed countries, i.e. that the optimal inflation rate might be higher for developing countries. Consequently, this paper investigates whether a similar conclusion holds for transition countries. In doing so we raise the question as to whether inflation targets have been too low in these countries.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA