01935cas a2200313 a 4500 AALejournalIMF000131 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451968316 1018-5941 BD-DhAAL BD-DhAAL Sarel, Michael. Nonlinear Effects of Inflationon Economic Growth / Michael Sarel. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the possibility of nonlinear effects of inflation on economic growth. It finds evidence of a significant structural break in the function that relates economic growth to inflation. The break is estimated to occur when the inflation rate is 8 percent. Below that rate, inflation does not have any effect on growth, or it may even have a slightly positive effect. When the inflation rate is above 8 percent, however, the estimated effect of inflation on growth rates is significant, robust and extremely powerful. The paper also demonstrates that when the existence of the structural break is ignored, the estimated effect of inflation on growth is biased by a factor of three. Mode of access: Internet Effect Of Inflation imf Growth Rate imf Inflation Coefficient imf Terms Of Trade Data imf WP imf New Zealand imf IMF Working Papers; Working Paper ; No. 1995/056 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/056/001.1995.issue-056-en.xml IMF e-Library