The Link between Macroeconomic Performance and Variability in the UK

This paper examines the link between inflation, output growth and their respective variabilities. We employ a bivariate GARCH model, which incorporates mean and level effects, to investigate in a unified empirical framework all the possible interactions between the four variables. We show that not only does variability affect performance but the latter influences the former as well. Specifically, inflation has a positive impact on both variabilities

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Year of publication:	2010
Authors:	Conrad, Christian ; Karanasos, Menelaos ; Zeng, Ning
Publisher:	[S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 106, No. 3, pp. 154-157, 2010 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 12, 2010 erstellt Volltext nicht verfügbar
Classification:	C32 - Time-Series Models ; C52 - Model Evaluation and Testing ; E31 - Price Level; Inflation; Deflation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014197047