Monetary policy, banking, and growth

@inproceedings{Haslag1998MonetaryPB,
  title={Monetary policy, banking, and growth},
  author={Joseph H. Haslag},
  year={1998}
}
There is ample empirical evidence suggesting that countries with high inflation tend to grow slower than countries with low inflation. Based on the regression evidence, the inflation-rate effect is fairly large; on average, per-capita real GDP grows between $71 and $76 percentage points slower in a country in which the average inflation rate is 10 percent as compared with a country in which inflation is 0 percent. The purpose of this paper is to determine whether a model economy that is… CONTINUE READING