flow of economic activities. In this study, we investigated the effects of inflation and inflation uncertainty on growth in … uncertainty on growth from the long-run effects. Also, unlike the previous studies, we examined whether increases in inflation … uncertainty has a differential short-run effect and a negative long-run effect on growth. Increases in inflation uncertainty hurt …

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 …, in both cases, the degree of uncertainty varies over time. Its impact on the underlying variables also fluctuates and is …

Uncertainty about the future path of inflation affects consumption, saving and investment decisions as well as wage … expectations, the inflation rate and the output gap and the variance of these variables as uncertainty measures by using a VAR …-GARCH-inmean model. Our main finding is that inflation expectation uncertainty is positively related to expected inflation and to the …

variable for Swedish inflation than the output gap. However, standard errors in the estimations are large and it is in fact … difficult to pin down a statistically significant relationship between either real marginal cost or the output gap and inflation. …

). Further, asymmetries can help determine underlying economic mechanisms. The key findings: positive growth rate asymmetry is … nearly ubiquitous in price level data (but is not caused by money growth asymmetry); and the pattern of asymmetries varies …

This paper presents evidence on the persistence of inflation in the United States over the period 1947- 2010. Of … particular interest is whether the persistence of inflation has changed over that time period. We use a reduced form approach to … measuring inflation persistence, modeling inflation as an autoregressive process. We measure persistence as the half-life of a …

due to nominal rigidities, drives the dynamics of inflation relative to expected inflation and lagged inflation. This … paper exploits the empirical success of the New Keynesian Phillips curve in explaining China's inflation dynamics with a new …, based on a multivariate dynamic model featuring distinct interactions among inflation, money, and real output in China. The …

We test for fractional dynamics in CPI-based inflation rates for twenty-seven countries and WPI-based inflation rates …-based inflation rates for industrial as well as developing countries. Implications of the findings are considered and sources of long …

utilization (CU). This method draws on the standard theory of economic growth and makes use of the structural vector …, however, show that the explanatory content of the SVAR measure with regard to the acceleration of inflation exceeds that of …