framework we examine the twelve potential intertemporal relationships between inflation, growth and their respective … uncertainties using US data. We find that high inflation is detrimental to output growth both directly and indirectly via the … nominal uncertainty. Output growth boosts inflation but mainly indirectly through a reduction in real uncertainty. Our …

framework we examine the twelve potential intertemporal relationships between inflation, growth and their respective … uncertainties using US data. We find that high inflation is detrimental to output growth both directly and indirectly via the … nominal uncertainty. Output growth boosts inflation but mainly indirectly through a reduction in real uncertainty. Our …

This article analyzes the inflation dynamics of several countries belonging to the European Monetary Union and of the … UK. We estimate the two main parameters driving the degree of persistence in inflation and its uncertainty using a dual … long memory process. We also investigate the possible existence of heterogeneity in inflation dynamics across Euro area …