. From inflation to economic growth
in 1998, Peter Christoffersen and Peter Doyle has studied the economic growth of the economy in the context of transformation restructuring the economy and expand export markets, while determine the relationship between inflation and growth, as well as the impact of deflation on growth. Christoffersen and Doyle used data on GDP at constant prices, the population, the structure of exports, only conversion of the reform period 1990 - 1997 and made a number of findings follows:
(1). Expanding exports have very tight relationship with the restructuring of GDP, even in the event of external shocks, structural reform of the economy and deflation still promote growth;
(2). Countries experiencing inflation rates close to the threshold for growth inflation tend to pull down inflation rates low in line with the country's inflation and Doyle proposed nghiep.Christoffersen for countries with very low inflation rate than inflation threshold for growth aims to keep inflation low pliers because there is no evidence to suggest that rising inflation would lead to economic growth.
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