Inflation Uncertainty, Unemployment Uncertainty and Economic Activity

This paper shows that Livingston Survey measures of unemployment uncertainty are positively correlated with inflation, that inflation Granger Causes unemployment uncertainty and that shocks to inflation uncertainty or unemployment uncertainty have similar effects on real GDP growth. This suggests higher unemployment uncertainty is a cost of higher inflation that may deserve equal billing with inflation uncertainty

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Year of publication:	1999
Authors:	Hayford, Marc D.
Publisher:	[S.l.] : SSRN
Subject:	Arbeitslosigkeit \| Unemployment \| Risiko \| Risk \| Inflation \| Inflationserwartung \| Inflation expectations \| Konjunktur \| Business cycle \| Theorie \| Theory \| Entscheidung unter Unsicherheit \| Decision under uncertainty \| Schätzung \| Estimation
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Macroeconomics, Vol. 22, No. 2, Spring 2000 Volltext nicht verfügbar
Classification:	E20 - Consumption, Saving, Production, Employment, and Investment. General ; E24 - Employment; Unemployment; Wages ; E31 - Price Level; Inflation; Deflation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014177993