Essays in empirical macroeconomics [Elektronische Ressource] / vorgelegt von Alexander Bick

Essays inEmpirical MacroeconomicsInaugural-Dissertation zur Erlangung des Doktorgrades desFachbereichs Wirtschaftswissenschaften derJohann Wolfgang Goethe-Universit¨atFrankfurt am Mainvorgelegt vonAlexander Bickaus Frankfurt am MainJuni 2009List of Original WorkingPapersThis thesis consists of the following working papers:a) Bick, Alexander (2009):Threshold Effects of Inflation on Economic Growthin Developing Countriesb) Bick, Alexander and Dieter Nautz (2008):Inflation Thresholds and Relative Price Variability:1Evidence from U.S. Citiesc) Bick, Alexander (2009):Fertility, Female Labor Force Participation and Child Care1Published in the International Journal of Central Banking, September 2008IIContentsList of Original Working Papers IIDanksagung VIIIOverview IXDeutsche Zusammenfassung X1 Threshold Effects of Inflation on Economic Growth in De-veloping Countries 11.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.2 The Panel-Threshold-Model . . . . . . . . . . . . . . . . . . . 21.2.1 The Single Threshold Model . . . . . . . . . . . . . . 21.2.2 Multiple Thresholds . . . . . . . . . . . . . . . . . . . 51.3 Regime Intercepts . . . . . . . . . . . . . . . . . . . . . . . . 81.4 The Inflation-Growth Nexus . . . . . . . . . . . . . . . . . . . 91.5 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12A.1 Coefficient Estimates . . . . . . . . . . . . . . . . . . . . . . . 12A.2 Hansen’s (1999) Application . .