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Persistent link: https://www.econbiz.de/10009313674
In this paper, we examine causal relationships among inflation rate, output growth rate, inflation uncertainty and … inflation and output to proxy nominal and real uncertainty, respectively, and perform Granger-causality tests. Our results … suggest that inflation rate induces uncertainty about both inflation rate and output growth rate, which is detrimental for …
Persistent link: https://www.econbiz.de/10008743006
In this paper, we examine causal relationships among inflation rate, output growth rate, inflation uncertainty and … inflation and output to proxy nominal and real uncertainty, respectively, and perform Granger-causality tests. Our results … suggest that inflation rate induces uncertainty about both inflation rate and output growth rate, which is detrimental for …
Persistent link: https://www.econbiz.de/10009421508
This Selected Issues paper examines the main factors explaining Ukraine’s growth performance so far, assesses whether the recent recovery is sustainable, and provides a quantitative analysis of long-term growth prospects. It finds that the recent recovery is not yet self-sustaining and...
Persistent link: https://www.econbiz.de/10005824979
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10005825770
Persistent link: https://www.econbiz.de/10005590873
Persistent link: https://www.econbiz.de/10012131682
Persistent link: https://www.econbiz.de/10010485075
Persistent link: https://www.econbiz.de/10012406029
show that the existence of Granger-causality is observed from nominal uncertainty to inflation, from nominal uncertainty to … real uncertainty, from output growth to real uncertainty, from output growth to nominal uncertainty and from inflation to … investigate the Granger causality relationships between output growth, inflation rate and their uncertainties. Our test results …
Persistent link: https://www.econbiz.de/10008644980