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The effects of inflation on growth: Some international evidence

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Zusammenfassung

Die Wirkung der Inflation auf das wirtschaftliche Wachstum. Einige internationale Befunde. — Unter Verwendung von Daten für 21 IndustrielÄnder und 27 Jahre kommt der Autor zu dem Ergebnis, da\ sich die Inflation negativ auf das reale Wachstum auswirkt. Dies ist sogar der Fall, wenn der Einflu\ von Angebotsfaktoren berücksichtigt wird. Im Durchschnitt drückt eine jÄhrliche Inflationsrate von 9 vH die jÄhrliche Wachstumsrate um schÄtzungsweise 1 Prozentpunkt.

Résumé

L’effet de l’inflation sur la croissance: Quelques preuves internationales. — En utilisant des données de 21 pays industriels pendant une période de 27 ans, l’auteur trouve que l’inflation a une répercussion négative sur les taux d'accroissement réel. C’est mÊme le cas après l’influence des facteurs de l’offre a été permis. En moyenne, on estime qu’un taux d’inflation de 9% par an diminuerait le taux d’accroissement annuel par 1 point de pourcentage.

Resurnen

Los efectos de la inflación sobre el crecimiento: alguna evidencia internacional. — Utilizando datos de 21 países industrials para un periodo de 27 afios en este trabajo se encuentra que la inflation tiene un impacto negativo sobre las tasas de crecimiento del producto real. Este es el caso incluso después de haber llevado a cabo un ajuste por la influencia de los factores de la oferta. En promedio, una tasa de inflation del 9 por ciento anual reduce la tasa de crecimiento anual en un punto de porcentaje.

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Grimes, A. The effects of inflation on growth: Some international evidence. Weltwirtschaftliches Archiv 127, 631–644 (1991). https://doi.org/10.1007/BF02707413

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