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 …

Inflation uncertainty is a critical factor influencing not only the market mechanisms but also the economic activity … efficiency. In this paper, we investigated the relationship between inflation and growth to capture the impact of inflation … specification. We used Hansen's (2001) Threshold Regression (TR) analysis to determine one threshold effect of inflation on growth …

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 …

This study provides estimates of economic uncertainty and inflation uncertainty for the Greek economy and considers … their time-varying impact on the corresponding macroeconomic variables, i.e. GDP growth and inflation. The authors find that …

the linkages between inflation and inflation uncertainty in nine Asian countries. The results show that inflation … positively causes inflation uncertainty in all economies regardless of whether economies are inflation or non-inflation targeting …. The Friedman-Ball hypothesis is thus supported. In addition, inflation uncertainty positively causes inflation in most …

The difficulty in modelling inflation and the significance in discovering the underlying data generating process of … inflation is expressed in an ample literature regarding inflation forecasting. In this paper we evaluate nonlinear machine … learning and econometric methodologies in forecasting the U.S. inflation based on autoregressive and structural models of the …

This article assesses the interaction between inflation and inflation uncertainty in a dynamic framework for Turkey by … using monthly data for the time period 1984–2009. The bulk of previous studies investigating the link between inflation and … inflation uncertainty employ Autoregressive Conditional Heteroskedasticity (ARCH)-type models, which consider inflation …