Serletis, Apostolos; Liu, Jinan - 2021
Although the inflation rates have been low in recent years, the uncertainties that put downward pressure on inflation … remain the key uncertainties that economies around the world are facing, and they could be unexpectedly persistent. In this …. We use a bivariate VARMA GARCH-in-Mean asymmetric BEKK model to estimate the response of output growth to inflation …