Paloviita, Maritta; Viren, Matti - In: Empirica 41 (2014) 1, pp. 69-81
This paper studies uncertainty using the ECB Survey of Professional Forecasters’ data. Both inflation and real GDP … growth forecasts at the micro level are considered. Our analysis indicates that individual inflation uncertainty is closely … specification of the New Keynesian Phillips curve. We also find evidence that inflation uncertainty has a negative impact on …