The relationship between inflation and inflation uncertainty in the UK: 1885-1998

被引：60

作者：

Fountas, S ^{[1
]}

机构：

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

来源：

ECONOMICS LETTERS | 2001年 / 74卷 / 01期

关键词：

inflation; inflation uncertainty; conditional variance;

D O I：

10.1016/S0165-1765(01)00522-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using a long series of UK inflation data, I have provided strong evidence in favour of the hypothesis that inflationary periods are associated with high inflation uncertainty. This result supports the Friedman-Ball hypothesis and has important implications for the inflation-output relationship provided that more inflation uncertainty leads to lower output. (C) 2001 Elsevier Science B.V. All rights reserved.

引用

页码：77 / 83

页数：7

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