2.1 the STUDY of INFLATION and UNEMPLOYMENT• Gylfalson and Herbertsson (2001) examined the impact of inflation on economic growth. In this study, a model of the theory has been used in that inflation is likely to affect economic growth through savings, real interest rates, the speed of money and efficiency in production. Previous studies have examined the impact of inflation on long-term economic growth based on data obtained from 170 countries from 1960 to 1992. The results showed that inflation is detrimental to the economic growth of more than 10-20 percent per year• Vaona and Schiavo (2007) examine the long-term relationship between inflation and economic growth using tools in 167 has developed and the developing countries from 1990 to the year 1990. For that purpose, the effects of factors such as inflation, the share of
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