When Does Inflation Hurt Economic Growth? Different Nonlinearities for Different Economies

We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the nonlinearities are quite different for industrial economies than for developing countries. We find that the threshold at which inflation first begins to seriously negatively affect growth is around 8% for industrial economies but 3% or less for developing countries. Marginal growth costs for developing countries then decline significantly above 50% inflation. Failure to account for nonlinearity biases downward the estimated effects of inflation on growth. Mixing industrial and developing economies together also produces unreliable results.inflation; growth; non-linearity

When Does Inflation Hurt Economic Growth? Different Nonlinearities for Different Economies

We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the nonlinearities are quite different for industrial economies than for developing countries. We find that the threshold at which inflation first begins to seriously negatively affect growth is around 8% for industrial economies but 3% or less for developing countries. Marginal growth costs for developing countries then decline significantly above 50% inflation. Failure to account for nonlinearity biases downward the estimated effects of inflation on growth. Mixing industrial and developing economies together also produces unreliable results

Data for: A scaling perspective on the distribution of executive compensation

Executive compensations and assets of companies listed in the Stock Exchange of Thailand (2002-15

Annual salaries of the athletes from 11 professional sports

The data on the annual salaries of the athletes from 11 professional sports are in 2019 or the latest. The 11 professional sports are the Women's National Basketball Association (WNBA), the English Premier League (EPL), the National Football League (NFL), the National Hockey League (NHL), the Major League Baseball (MLB), the National Basketball Association (NBA), the Professional Golfers' Association of America (PGA), the Ladies Professional Golf Association (LPGA), the Major League Soccer (MLS), the Association of Tennis Professionals (ATP), and the Women's Tennis Association (WTA)

Data for: A scaling perspective on the distribution of executive compensation

Executive compensations and assets of companies listed in the Stock Exchange of Thailand (2002-15)THIS DATASET IS ARCHIVED AT DANS/EASY, BUT NOT ACCESSIBLE HERE. TO VIEW A LIST OF FILES AND ACCESS THE FILES IN THIS DATASET CLICK ON THE DOI-LINK ABOV

Nonlinear Effects of Inflation on Growth: Comment

One of the most important developments in macroeconomic policy-making over the last two decades has been the growing recognition that inflation is usually bad for economic growth. There is still substantial disagreement among researchers, however, about how quantitatively important are the growth depressing effects of inflation and at what levels of inflation these effects begin to appear. Some economists have been concerned by rates of inflation of three or four percent while others have been unconcerned by rates of twenty or thirty percent. A recent paper by Sarel (1996) makes an important contribution to the research literature on the growth effects of inflation. Much of the literature has assumed that the effects of inflation on growth are linear. But threshold rates of inflation may have to be surpassed before the growth depressing effects of inflation become important. Sarel shows that failure to take such thresholds into account leads to a substantial downward bias in estimates of the growth costs of inflation. Most analysis of nonlinear or threshold effects (such as Fischer, 1993; Barro, 1996; and Sarel, 1996) groups together industrial and developing countries. Recent research has demonstrated that the size of the growthdepressin