growth in Nigeria. The results suggest a significant positive effect of inflation uncertainty on the level of inflation … this study suggests that Nigeria should put in place policies minimizing inflation uncertainty to avoid its adverse effects …The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …

, we demonstrate that effort dampens the response of inflation to exogenous shocks. …

During the Great Recession, despite the large fall in output, inflation did not fall much. This is known as the missing … inflation during the Great Recession. We show that inflation did not fall much because intermediate goods prices were increasing …

regime during a deceleration in economic activity and with headline and core inflation remaining well below the FOMC's 2 … percent inflation target. Moreover, both short- and long-term inflation expectations were drifting lower. These developments …