The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output … output growth, supporting the Friedman’s (1977) hypothesis of a negative effect of inflation uncertainty on output growth …. Uncertainty about growth does not have a significant effect on both the levels of inflation and output growth. The evidence in …

expectations, the inflation rate and the output gap and the variance of these variables as uncertainty measures by using a VAR …Uncertainty about the future path of inflation affects consumption, saving and investment decisions as well as wage … negotiations and price setting of firms. These decisions are based on inflation expectations which are a key determinant of …

The welfare costs of inflation and inflation uncertainty are well documented in the literature and empirical evidence … inflation and inflation uncertainty in Egypt using monthly time series data during the period January 1974 - April 2015. To … endogenously control for any potential structural breaks in the inflation time series, Zivot and Andrews (2002) and Clemente …

Inflation and inflation uncertainty are critical factors influencing the functioning of markets and thus the efficient … flow of economic activities. In this study, we investigated the effects of inflation and inflation uncertainty on growth in … Ghana. Unlike the majority of the previous studies, we distinguished the short-run effects of inflation and inflation …

This paper explores bidirectional linkage between inflation and its uncertainty by observing monthly data of 11 Eastern … European countries. The methodological approach comprises two steps. First, inflation uncertainty series have been created by … choosing an optimal Generalized Autoregressive Conditional Heteroskedasticity- (GARCH) type model. Subsequently, inflation and …

We find strong econometric support for a break in the relationship between perceived and HICP inflation in the euro …

this policy strategy could have largely prevented the post-pandemic inflation episode. …

This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high …