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Inflation and Output Growth Uncertainty and their Relationship with Inflation and Output Growth

Fountas, Stilianos
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Publication Date
2001
Keywords
Economics, Inflation, Output growth, Uncertainty, Granger-causality, Bivariate
Type
Working Paper
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Fountas, S., Karanasos M. & Kim J. (2001) "Inflation and Output Growth Uncertainty and their Relationship with Inflation and Output Growth" (Working Paper No. 0053) Department of Economics, National University of Ireland, Galway.
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.
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National University of Ireland, Galway
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Attribution-NonCommercial-NoDerivs 3.0 Ireland
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Economics (Working Papers)