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 paper analyzes trend and cycle movements of Hong Kong inflation. The empirical model is an unobserved components … model that is consistent with the New Keynesian Phillips curve and is estimated using Hong Kong, U.S., and China inflation … and output data. The model decomposes Hong Kong inflation into a stochastic trend and a stationary cycle component that is …