Inflation and Output Growth Uncertainty and their Relationship with Inflation and Output Growth.

Using a bivariate GARCH model of inflation and output growth we find evidence that higher inflation and more inflation uncertainty lead to lower output growth in the Japanese economy. These results support the argument of a price stability objective for the monetary authority.

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Year of publication:	2001
Authors:	Stilianos, Fountas, ; Menelaos, Karanasos,Menelaos
Institutions:	Department of Economics, National University of Ireland
Subject:	Inflation \| Output Growth \| Uncertainty \| Granger-Causality \| Bivariate. GARCH

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, 2002, vol. 75/3, pp. 293-301. Number 0053
Classification:	C22 - Time-Series Models ; C51 - Model Construction and Estimation ; C52 - Model Evaluation and Testing ; E0 - Macroeconomics and Monetary Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008543375