Naqvi, Syed Kumail Abbas; Naqvi, Bushra - In: Lahore Journal of Economics 15 (2010) 2, pp. 1-33
This paper is a first attempt to measure and analyze inflation uncertainty in Pakistan. It makes several contributions to the literature. In the first stage, using quarterly data from 1976:01 to 2008:02, we model inflation uncertainty as a time varying process using the GARCH framework. In the...