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A Study on Nonlinear Relationship between Inflation and Economic Growth in Iran A Markov Switching Approach

Hossein Tavakolian; Asghar Shahmoradi

Volume 12, Issue 47 , January 2013, , Pages 51-70

Abstract
  In the mainstream economic view, in low levels of inflation there is a positive relationship between inflation and economic growth, and this relationship changes to a negative one at high levels of inflation. This study examines the probability of occurring these two regimes, using Markov Switching Approach ...  Read More