This study applies the time-varying volatility model to UK GDP deflators and compares it with the traditional inflation uncertainty measurement of relative price variability. The link between relative price variability and time-varying volatility is studied and established. Moreover, inflation...

This study inquires into the relationships between property and the economy in both short-term and long-run. It has been made evident that property is an integrated part of the economy and its performance is closely related to a variety of economic activities, especially the real sectors in the...

This article examines business cycle features of UK Gross Domestic Product (GDP) sectors with regard to trends, cycles and growth. The empirical study adopts the Kalman filter to decompose these GDP sectors into trend and cycle components. The general model of this study encompasses a number of...