Inflation and Growth: Stories Short and Tall
Posted: 22 Apr 1999
This paper reviews the stories that economists tell about the growth effects of inflation. Informal accounts of inflation's effects are common, but there are few models which get to grips with the effects that are probably central. Partly as a result of this, and partly as a result of many econometric problems, much of the empirical evidence remains unconvincing. The paper assesses the various contributions and suggests possible improvements.
JEL Classification: E31, O40, O42
Suggested Citation: Suggested Citation