Re-examining inflation and inflation uncertainty in developed and emerging countries

This study examines the relationship between inflation and inflation uncertainty for both developed and emerging countries using the asymmetric power GARCH model. We find new evidence that suggests that positive inflationary shocks have stronger impacts on inflation uncertainty for mainly Latin American countries. We also find that inflation causes inflation uncertainty for most countries but the evidence for causality of the opposite direction is mixed.

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Year of publication:	2004
Authors:	Daal, Elton ; Naka, Atsuyuki ; Sanchez, Benito
Institutions:	Department of Economics and Finance, College of Business and Administration
Subject:	Inflation \| Emerging nations \| Latin America

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2004-06 14 pages
Classification:	C22 - Time-Series Models ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005035529