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 …

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 paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation … can achieve lower inflation uncertainty by lowering the inflation rate. …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …

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 …

This paper studies the impact of inflation on inflation uncertainty in a modelling framework where both the conditional … mean and conditional variance of inflation are regime specific, and the GARCH model for inflation uncertainty is extended … by including a lagged inflation term in each regime. Applying this model to the G7 countries with monthly data from 1970 …

The welfare costs of inflation and inflation uncertainty are well documented in the literature and empirical evidence … inflation and inflation uncertainty in Egypt using monthly time series data during the period January 1974 - April 2015. To … endogenously control for any potential structural breaks in the inflation time series, Zivot and Andrews (2002) and Clemente …

The welfare costs of inflation and inflation uncertainty are well documented in the literature and empirical evidence … inflation and inflation uncertainty in Egypt using monthly time series data during the period January 1974 - April 2015. To … endogenously control for any potential structural breaks in the inflation time series, Zivot and Andrews (2002) and Clemente …

expectations, the inflation rate and the output gap and the variance of these variables as uncertainty measures by using a VAR …Uncertainty about the future path of inflation affects consumption, saving and investment decisions as well as wage … negotiations and price setting of firms. These decisions are based on inflation expectations which are a key determinant of …