Inflation, banking, and economic growth

John H. Boyd and Bruce Champ

Economic Commentary, 2006, issue May

Abstract: The world has seen a dramatic decline in inflation rates in recent decades, but concerns about inflation may still be warranted, especially in some countries. Evidence is mounting that inflation is harmful to economic activity even at fairly modest rates of inflation because of the way it adversely affects the banking sector and investment.

Keywords: Inflation; (Finance) (search for similar items in EconPapers)
Date: 2006
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