Browsing School of Business and Economics by Subject "Uncertainty"
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Inflation and Output Growth Uncertainty and their Relationship with Inflation and Output Growth
(National University of Ireland, Galway, 2001)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 ... -
Uncertainty in 'A Treatise on Probability' and the 'General Theory'
(National University of Ireland, Galway, 1996-02)This paper is concerned with the relationship between Keynes's theory of probability and his later work on macroeconomics. It suggests that while the General Theory deals again with the subject of the Treatise on ...