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

被引：59

作者：

Fountas, S

Karanasos, M ^{[1
]}

Kim, J

机构：

[1] Univ York, Dept Econ & Related Studies, York YO10 5DD, N Yorkshire, England

[2] Natl Univ Ireland Univ Coll Galway, Dept Econ, Galway, Ireland

来源：

ECONOMICS LETTERS | 2002年 / 75卷 / 03期

关键词：

inflation; output growth; uncertainty; granger-causality; bivariate GARCH;

D O I：

10.1016/S0165-1765(02)00009-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：293 / 301

页数：9