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 …

investigates to what extent this process affects output growth and inflation in the advanced countries. A GVAR model is specified … multipliers are also reduced by a sizeable effect on inflation, as Chinese firms participate in international production chains …