Dj. Smyth, THE SUPPLY-SIDE EFFECTS OF INFLATION IN THE UNITED-STATES - EVIDENCE FROM MULTIFACTOR PRODUCTIVITY, Applied economics letters, 2(12), 1995, pp. 482-483
The hypothesis that inflation has reduced the rate of growth in the Un
ited States is tested using time series data for multifactor productiv
ity. The negative effects of inflation on growth are significant and s
ubstantial.