Inflation and inflation uncertainty are critical factors influencing the functioning of markets and thus the efficient … flow of economic activities. In this study, we investigated the effects of inflation and inflation uncertainty on growth in … Ghana. Unlike the majority of the previous studies, we distinguished the short-run effects of inflation and inflation …

framework we examine the twelve potential intertemporal relationships between inflation, growth and their respective … 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 …

This paper investigates how inflation and its uncertainty impact GDP growth in eight Central and Eastern European … Countries. Inflation uncertainty series are created examining several GARCH models in combination with three different … distribution functions, while the nonlinear effect of inflation and its uncertainty on GDP growth is assessed in the Bayesian …

The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output … growth in Nigeria. The results suggest a significant positive effect of inflation uncertainty on the level of inflation …, supporting the Cukierman and Meltzer (1986) hypothesis. In addition, uncertainty about inflation is found to be detrimental to …

In this paper we study the relationship between output and inflation for India, Brazil, and South Africa using the … EGARCH model. For India and South Africa, we find evidence for: (1) the Cukierman and Meltzer hypothesis that inflation … volatility raises inflation; (2) the Friedman hypothesis that inflation raises inflation volatility; and (3) the Black hypothesis …

This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07% fall in long-run real rate of output through its effect on bank credit to the …

This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the ECOWAS (WAEMU … generally focused on exogenous approaches of determining optimal inflation which impose a sharp and most often linear behaviour … on the threshold level of inflation. This paper contributes to the policy debate on the inflation-growth nexus by …

This study investigates the relationship between inflation, inflation uncertainty and output in Tunisia using real and … nominal data. GARCH-in-mean model with lagged variance equation is employed for the analysis. The result shows that inflation … uncertainty has a positive and significant effect on the level of inflation only in the real term. Moreover, inflation uncertainty …

This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07 % fall in long-run real rate of output through its effect on bank credit to the …

It is widely believed that moderate and stable inflation rates promote the development process of a country, and hence … economic growth. Moderate inflation supplements return to savers, enhances investment, and therefore, accelerates economic … growth of the country. The main purpose of this study is to study and analyze the relationship between inflation and economic …