This paper investigates how inflation and its uncertainty impact GDP growth in eight Central and Eastern European Countries. Inflation uncertainty series are created examining several GARCH models in combination with three different distribution functions, while the nonlinear effect of inflation...

Purpose: Due to the fact that period of global economic crisis has pointed to all the failures and weaknesses in the sustainable development of tourism in terms of its place in the system of institutions, academic programs, in terms of inadequate treatment strategy documents in terms of the use...

This paper explores bidirectional linkage between inflation and its uncertainty by observing monthly data of 11 Eastern European countries. The methodological approach comprises two steps. First, inflation uncertainty series have been created by choosing an optimal Generalized Autoregressive...