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Existen efectos de umbral con transición suave en la relación entre inflación y crecimiento
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ibarra, Raúl Trupkin, Danilo R. |
| Copyright Year | 2011 |
| Abstract | espanol?Existen niveles de inflacion por encima de los cuales la relacion inflacion-crecimiento cambia de signo? Eventualmente, ?difieren estos umbrales entre economias desarrolladas y economias en desarrollo? ?Cuan suave se espera sea la transicion de un regimen de inflacion a otro en estos grupos de paises? En un reciente trabajo de investigacion, intentamos responder dichas preguntas, encontrando lo siguiente: (i) existe un umbral de inflacion estimado en 4.1% para paises industrializados, al tiempo que estimamos un umbral de inflacion considerablemente mayor, de 19.1%, para paises en desarrollo; (ii) la velocidad de transicion es relativamente suave en el primer grupo, en tanto que la inflacion rapidamente afecta al crecimiento una vez pasado el umbral en paises no industrializados; y (iii) si se controla por un indicador para la calidad institucional, el umbral cae al 7.9% en un subgrupo de paises en desarrollo. EnglishIs there any inflation level above which the inflation-growth nexus changes of sign? Eventually, do these thresholds differ among developed and developing countries? Finally, how smooth is the eventual transition from one regime to another in these groups of economies? In a recent paper, we intend to answer these questions, finding the following results: (i) there is an estimated threshold of 4.1% for industrialized countries, while for non-industrialized countries the threshold is considerably higher: 19.1%; (ii) the speed of transition is relatively smooth in the first group, but for developing economies inflation rapidly has negative effects on growth once it exceeds the threshold; and (iii) the inflation threshold falls to 7.9% by selecting a reduced group of developing countries, according to a measure associated with institutional quality. |
| Starting Page | 67 |
| Ending Page | 72 |
| Page Count | 6 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.um.edu.uy/docs/revista_FCEE12_5ibarratrupkin.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
