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 …

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 …

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 …

The study provides estimates of the threshold level of inflation for Russia based on panel threshold models. This paper …’s aim is to estimate the «optimal» level of inflation and to determine the number of thresholds for Russia within, unlike … ratio test to verify which model specification is optimal. The results indicate that the target inflation rate of 4% in …

.S. output-inflation process, which implies that excess demand conditions are much more inflationary than excess supply … overheats because this will necessitate a severe tightening in monetary conditions in order to reestablish inflation control …. The small model of the U.S. output-inflation process developed in the paper shows that the seeds of large recessions, such …

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 …

In this paper, we evaluate the causal relationship between macroeconomic uncertainty indices, inflation and growth rate …