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

ARAN - Access to Research at NUI Galway

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

Fountas, Stilianos
URI: http://hdl.handle.net/10379/1194
Date: 2001
Citation: 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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