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Tekijä: | Gylfason, T. |
Otsikko: | Inflation, growth, and external debt: A view of the landscape |
Lehti: | World Economy
1991 : SEP, VOL. 14:3, p.279-297 |
Asiasana: | ECONOMIC GROWTH ECONOMISTS LATIN AMERICA FINANCIAL ANALYSIS MONEY ECONOMIC POLICY |
Kieli: | eng |
Tiivistelmä: | Economists have long debated the question whether inflation is generally conducive or detrimental to economic growth. However, clear empirical conclusions have not emerged from the historical or comparative studies of the relationship between inflation and growth in Latin America or elsewhere. The main purpose of this paper is to make an attempt to map the statistical pattern of inflation, growth, and external indebtedness of high-inflation countries with those of low-inflation ones; and to investigate whether the pattern observed is sufficiently pervasive to be significant in a statistical sense and to be of practical interest to policymakers. |
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