Fountas, Stilianos; Karanasos, Menelaos - Department of Economics, National University of Ireland - 2002
the inflation uncertainty channel. Second, we obtain evidence supporting the Cukierman-Meltzer hypothesis in most …We use univariate GARCH models of inflation and output growth and monthly data on inflation and output growth in the G7 … for the 1960-2000 period to examine all possible causal relationships between inflation, output growth, real, and nominal …