Inflation and output growth uncertainty and their relationship with inflation and output growth

Stilianos Fountas

doi:10.13025/22990

Inflation and output growth uncertainty and their relationship with inflation and output growth

Stilianos Fountas

Economics

University of York

Research output: Contribution to a Journal (Peer & Non Peer) › Article › peer-review

68 Citations (Scopus)

Abstract

Using a bivariate GARCH model of inflation and output growth we find evidence that higher inflation and more inflation uncertainty lead to lower output growth in the Japanese economy. These results support the argument of a price stability objective for the monetary authority.

Original language	English
Pages (from-to)	293-301
Number of pages	9
Journal	Economics Letters
Volume	75
Issue number	3
DOIs	https://doi.org/10.13025/22990 https://doi.org/10.1016/s0165-1765(02)00009-5
Publication status	Published - May 2002

Keywords

Bivariate GARCH
Granger-causality
Inflation
Output growth
Uncertainty

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10.13025/22990Licence: CC BY-NC-ND
10.1016/s0165-1765(02)00009-5

Paper 0053Accepted author manuscript, 64.6 KBLicence: CC BY-NC-ND

Cite this

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KW - Bivariate GARCH

KW - Granger-causality

KW - Inflation

KW - Output growth

KW - Uncertainty

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Inflation and output growth uncertainty and their relationship with inflation and output growth

Abstract

Keywords

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