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 …

Any measure of unobserved inflation uncertainty relies on specific assumptions which are most likely not fulfilled … indicator for inflation uncertainty. Moreover, the idiosyncratic component of survey disagreement contains systematic … that higher inflation is followed by higher uncertainty. By contrast, we obtain contradictory results for the individual …

This paper explores bidirectional linkage between inflation and its uncertainty by observing monthly data of 11 Eastern … European countries. The methodological approach comprises two steps. First, inflation uncertainty series have been created by … choosing an optimal Generalized Autoregressive Conditional Heteroskedasticity- (GARCH) type model. Subsequently, inflation and …

We use parametric power ARCH models of the conditional variance of inflation to model the relationship between … inflation and its uncertainty using monthly data for Germany, the Netherlands and Sweden over a period ranging from 1962 to 2004 ….For all three countries inflation significantly raises inflation uncertainty as predicted by Friedman. Increased …

Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …

This paper uses disaggregated CPI time series to show that a break in the mean of French inflation occurred in the mid … mean break, both aggregate and sectoral inflation persistence are stable and low, with the unit root lying far in the tail … price changes (at the firm level) appears positively related with inflation persistence (at the aggregate level). …

from 1 quarter in case of a cost-push shock to several years for a shock to long-run inflation expectations or the output …Time series estimates of inflation persistence incur an upward bias if shifts in the inflation target of the central … bank remain unaccounted for. Using a structural time series approach we measure different sorts of inflation persistence …

Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the … quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error … inflation. The response of the HICP is strongly positive. Other factors such as raw material prices and unit labor costs also …