Arın, K. PerenOmay, Tolga2022-05-272022-05-272006Arın, K. Peren; Omay, Tolga (2006). "Inflation and growth: An empirical study for the comparison of the level and the variability effects", Trends in Inflation Research, pp. 207-213.9781594548253http://hdl.handle.net/20.500.12416/5582This paper analyzes the interaction between the inflation and growth within the Mankiw-Romer-Weil (1992) framework. Our results indicate that the inflation level has a significant negative effect on output in advanced capitalist economies, whereas inflation variability has a negative and significant effect on output in the long-run for all sub-samples. Our results also show that the variability effects are larger in terms of significance. © 2006 Nova Science Publishers, Inc. All rights reserved.eninfo:eu-repo/semantics/closedAccessEconomic GrowthInflationBook Part207213