Output and inflation in the long run
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Neil R. Ericsson; John S. Irons; Ralph W. Tryon
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Article
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2001
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John Wiley and Sons
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English
β 134 KB
## Abstract Crossβcountry regressions explaining output growth often obtain a negative effect from inflation. However, that result is not robust, due to the selection of countries in sample, temporal aggregation, and omission of consequential variables in levels. This paper demonstrates some implic