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| Author: | Kim, C. |
| Title: | Sources of monetary growth uncertainty and economic activity: the time-varying-parameter model with heteroskedastic disturbances |
| Journal: | Review of Economics and Statistics
1993 : AUG, VOL. 75:3, p. 483-492 |
| Index terms: | GROWTH ECONOMICS TIME |
| Language: | eng |
| Abstract: | A large body of research suggests that uncertainty is an important factor affecting economic activity. Most earlier research, however, fails to consider the possibility that uncertainty may affect the value of new information and economic activity differently, depending on its source. The author first examines the importance of these different sources for modeling U.S. monetary growth uncertainty. He then empirically relates different sources of monetary growth uncertainty to economic activity measured by real GNP. |
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