inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … economies, the results show that, as expected, both measures are positively correlated with output volatility. When the two … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …

role for credit growth (beyond its role in constructing the inflation forecast) would reduce the volatility of output and …

role for credit growth (beyond its role in constructing the inflation forecast) would reduce the volatility of output and …

role for credit growth (beyond its role in constructing the inflation forecast) would reduce the volatility of output and …

autoregression extended to incorporate time-varying coefficients and stochastic volatility in the innovation variances. The reduced … and volatility of inflation and output but also suggest that these findings extend to money growth and asset prices. The … volatility …