01671cas a2200241 a 4500 AALejournalIMF006623 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451950304 1018-5941 BD-DhAAL BD-DhAAL De Gregorio, Jose. The Effects of Inflationon Economic Growth : Lessons From Latin America / Jose De Gregorio. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (15 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 investigates the relationship between inflation and long-run growth. It presents an endogenous growth model that illustrates the channels through which inflation affects growth. The model highlights the effects of inflation on the productivity of capital and the rate of capital accumulation. The reduction in growth is caused by a diversion of resources away from activities that lead to faster rates of growth toward activities associated with reducing the costs of inflation. The negative association between inflation and growth is assessed empirically for a sample group of Latin American countries. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/095 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/095/001.1991.issue-095-en.xml IMF e-Library