Graduate Program
Economics
Degree Name
Master of Arts (MA)
Semester of Degree Completion
2012
Thesis Director
Ahmed Abou-Zaid
Thesis Committee Member
Minh Dao
Thesis Committee Member
Mukti Upadhyay
Abstract
The study examines the threshold level of inflation in the US during the period 1960-2011. The model suggests the threshold level of inflation in the US is 0 to 1.5 percent quarterly. Above that threshold level, inflation has a significant negative effect on real GDP growth. Below the threshold level, the effect of inflation on real GDP growth is ambiguous.
Recommended Citation
Loi, Hio, "Inflation and growth: An estimate of the threshold level of inflation in the U.S." (2012). Masters Theses. 808.
https://thekeep.eiu.edu/theses/808
