search query: @author Grier, K. B. / total: 2
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| Author: | Grier, K. B. Perry, M. J. |
| Title: | On inflation and inflation uncertainty in the G7 countries. |
| Journal: | Journal of International Money and Finance
1998 : AUG, VOL. 17:4, p. 671-689 |
| Index terms: | INFLATION DEVELOPED ECONOMIES MONETARY POLICY ECONOMETRIC MODELS |
| Language: | eng |
| Abstract: | The authors investigate the relationship between inflation and inflation uncertainty in the G7 countries 1948-1993. They use GARCH models to generate a measure of inflation uncertainty and Granger methods to test for causality between average inflation and inflation uncertainty. In all G7 countries inflation raises inflation uncertainty. In three countries (US, UK and Germany) increased inflation uncertainty lowers inflation while in two countries (Japan and France) increased inflation uncertainty raises inflation. |
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