This paper explores bidirectional linkage between inflation and its uncertainty by observing monthly data of 11 Eastern … European countries. The methodological approach comprises two steps. First, inflation uncertainty series have been created by … choosing an optimal Generalized Autoregressive Conditional Heteroskedasticity- (GARCH) type model. Subsequently, inflation and …

This study provides cross country robust evidence on interdependencies among inflation, output growth and respective … uncertainties for the current era of low inflation policies. We attribute the extant empirical disagreement on these relations to … means to assess the robustness of empirical findings. Over the entire cross section, we find that both inflation and …

We analyze the causal effects of real and nominal macroeconomic uncertainty on inflation and output growth by … inflation uncertainty diminishes growth rates, mainly at a high-inflation regime. Finally, real uncertainty has mixed effects on … average inflation, while the effect of nominal uncertainty is typically positive, especially so during inflationary periods …

Inflation is a far from homogeneous phenomenon, a fact often neglected in modelling consumer price inflation. This … study, the first of its kind for an emerging market country, investigates gains to inflation forecast accuracy by …

shocks on inflation in Fiji. How the domestic inflation in a pegged exchange rate system is aligned with international price …. The multivariate cointegration tests are done after the unit root tests, and further, the Vector Error Correction (VEC … also shows that due to the exchange rate depreciation, inflation has increased for many years in Fiji. The policy …

relationship, and 2) using inflation as an additional explanatory variable. By implementing a well structured estimation strategy …, we found that after taking the level shift into account, a cointegrating equation, including inflation, exists and is …

models as well as examine the effects of erroneously assuming cointegration. It is shown that inconclusive theoretical … imposing cointegration can be more or less useful for different horizons. The problem of forecasting variables with trending …