The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output … output growth, supporting the Friedman’s (1977) hypothesis of a negative effect of inflation uncertainty on output growth …. Uncertainty about growth does not have a significant effect on both the levels of inflation and output growth. The evidence in …

This study investigates the relationship between inflation, inflation uncertainty and output in Tunisia using real and … in Tunisia. -- GARCH-M model ; inflation ; inflation uncertainty ; output … nominal data. GARCH-in-mean model with lagged variance equation is employed for the analysis. The result shows that inflation …

contradicts with the output-inflation relationship depicted by a traditional Phillips curve. This paper examines how the permanent … output loss during the Great Recession has affected the ability of the Phillips curve to explain U.S. inflation dynamics. We …Ever since the end of the Great Recession, the U.S. economy has experienced a period of mild inflation, which …

in ERPT to CPI inflation for the Finnish economy. Within a logistic smooth transition framework, our investigations …

inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output …This study first investigates the short and long-run effectsof exchange rate, output gap and output gap volatility on … ARDLestimates indicate that the exchange rate, output gap and output gapvolatility have statistically significant effects on …

and Karanasos (2008) to examine the intertemporal relationship between the uncertainties of inflation and output growth in … the US. We find that inflation uncertainty effects output variability positively, while output variability has a negative … effect on inflation uncertainty. …

uncertainties using US data. We find that high inflation is detrimental to output growth both directly and indirectly via the … nominal uncertainty. Output growth boosts inflation but mainly indirectly through a reduction in real uncertainty. Our … framework we examine the twelve potential intertemporal relationships between inflation, growth and their respective …

This paper examines the presence of nonlinear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for … inflation in the EA context …