This paper is first attempt to measure and analyze inflation uncertainty in Pakistan and it provides several contributions. Using quarterly data from 1976:01 to 2008:02, at first stage we model inflation uncertainty as time varying process through GARCH framework. At second stage asymmetric...

The economic sustainability of a nation could be at stake if there are no adequate measures in place to cope with financial and economic risks, which are the gravest challenges it faces. The uncertainty of economic factors produces fluctuations in the financial sector and makes them more...