Abstract:The article examines, based on panel regressions, the long-term relationship between inflation and economic growth based on information for 70 countries and annual data for 1950-2010 The results do not find evidence of a significant trade-off between in fl ation and long-term growth for this sample and period, except if national experiences with average annual in fl ations above the annual 65% threshold are included. That is, outside regimes with persistently very high rates of inflation, there is no systematic … Show more
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