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Applied Economics Letters Volume 2, 1995 - Issue 12
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Original Articles

The supply side effects of inflation in the United States: evidence from multifactor productivity

David J. Smyth
Pages 482-483 | Published online: 05 Oct 2010
 
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Abstract

The hypothesis that inflation has reduced the rate of growth in the United States is tested using time series data for multifactor productivity. The negative effects of inflation on growth are significant and substantial.

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