inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing …This paper investigates the relationship between the Great Moderation and two measures of inflation performance: trend … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …

Examining the economies of the European Union from 2000 to 2023, we have found no strong evidence that the inflation … the euro area, aimed at rapidly bringing inflation under control, could actually be detrimental to economic growth. Since … the negative effects of monetary tightening on growth are clear, while the benefits of rapidly reducing inflation on …

This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the … volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when … enjoyed by many industrialized countries, known as the "Great Moderation". It also proposes a new testing approach for panel …

This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the … volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when … enjoyed by many industrialized countries, known as the `Great Moderation.' It also proposes a new testing approach for panel …

Economists generally accept the proposition that high and volatile inflation rates generate inefficiencies that reduce … society's welfare. Furthermore, studies have shown that inflation is harmful to economic growth. However, determining the … panel data econometric techniques, this paper shows that a higher degree of political instability is associated with both …

inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …

This paper re-examines the relationship between inflation, inflation volatility and growth using cross-country panel … data for the past 30 years. With regard to the level of inflation, we find that in contrast to current findings, which are … negative correlation between inflation and income growth for all but very low inflation countries. To examine the role of …

(Applied Financial Economics, 13, 693-700, 2003) on inflation and output on stock returns and volatility is extended by … inflation, output growth, and interest rate, has weak predictor power on stock market volatility and returns. In line with the …

inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …