output and inflation volatility; othershave attributed the decreased volatility of GDP to a reductionin the size of the … policy in stabilizing output, althoughpolicy remains the likely source of reduced inflation volatility... …The volatility of real GDP growth in the United States hasfallen by half since the early 1980s relative to the …

we examine the twelve potential intertemporal relationships between inflation,growth and their respective uncertainties … nominaluncertainty. Output growth boosts inflation but mainly indirectly through areduction in real uncertainty. Our findings highlight … inflation and growth works to a large extend indirectly via theuncertainty channel.[...] …

find that inflation uncertainty effects output variability positively,while output variability has a negative effect on … inflation uncertainty.[...] …

Can pegging reduce real as well as nominal, and multilateral as well as bilateralexchange rate volatility? We …

. Volatility decreases with openness tointernational trade and per capita GDP, and increases with inflation, particularlyunder a …Real effective exchange rate volatility is examined for 90 countries using monthlydata from January 1990 to June 2006 … horizontal peg or band, and with terms-of-trade volatility. The choice ofexchange rate regime matters... …

explicitly on Euro-zone inflation forecastswill diminish problems associated with the large number of country … target inflation - essentially theCzech Republic, Hungary, and Poland - should maintain this monetary policy strategy …

inflation targeting than under output targeting, and that inflation risk premia are higher for policies that strike a balance … between output and inflation stability (and achieve a social optimum) than for policies that target only one of them. …

output and for both domestic GDP and CPI inflation rates can replicate thecooperative allocation.[...] …

. Optimized policy has a strong anti-inflation stance andimplies persistent fluctuations of the tax rate and of public debt. Very … simple optimizedpolicy rules, under which the interest rate just responds to inflation and the tax rate justresponds to …