{"product_id":"nonlinear-relation-between-inflation-and-growth-panel-data-analysis-von-anna-miller","title":"Nonlinear Relation Between Inflation and Growth - Panel Data Analysis","description":"\u003cp\u003eMaster'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\u003c\/p\u003e\u003cp\u003ea 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.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656532064\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656532064","offer_id":39446719856733,"sku":"9783656532064","price":27.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/8194ce20-a285-48b1-a956-ee3eaf4cf0b1.jpg?v=1778048851","url":"https:\/\/shop.autorenwelt.de\/en\/products\/nonlinear-relation-between-inflation-and-growth-panel-data-analysis-von-anna-miller","provider":"Autorenwelt Shop","version":"1.0","type":"link"}