An Empirical Analysis of the Effect of Growth on Inflation, Australia, Canada and the United States

Corporation growth Australia Canada United States of America

Mardi Dungey and John Pitchford argue economists often tend to comment that inflation will tend to increase (or decrease) if growth is higher or lower than the "potential" growth rate of the economy. After setting out a theoretical justification for such a statement, the authors estimate equations relating the change in inflation to growth rates for the US, Canada and Australia.

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