کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
965653 | 930827 | 2006 | 12 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The links between inflation, inflation uncertainty and output growth: New time series evidence from Japan
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Employing a bivariate EGARCH-M model, we investigate the links between inflation, inflation uncertainty and output growth for post-war Japanese data. Our results indicate that increased inflation uncertainty is associated with higher average inflation and lower average growth in Japan. Further, we find that increased growth uncertainty is associated with higher average inflation, but unrelated to average growth. Lastly, both inflation and growth display significant asymmetry in their respective conditional variances. Specifically, negative surprises raise both inflation uncertainty and growth uncertainty more than positive surprises.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 28, Issue 3, September 2006, Pages 609-620
Journal: Journal of Macroeconomics - Volume 28, Issue 3, September 2006, Pages 609-620
نویسندگان
Bradley Kemp Wilson,