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

Lookup NU author(s): Professor Menelaos Karanasos

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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.

Publication metadata

Author(s): Karanasos M; Fountas S; Kim J

Publication type: Article

Publication status: Published

Journal: Economics Letters

Year: 2002

Volume: 75

Issue: 3

Pages: 293-301

ISSN (print): 0165-1765

ISSN (electronic): 1873-7374

Publisher: Elsevier BV

URL: http://dx.doi.org/10.1016/S0165-1765(02)00009-510.1016/S0165-1765(02)00009-5

DOI: 10.1016/S0165-1765(02)00009-5

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