The asymmetric effects of uncertainty on inflation and output growth
作者： Kevin B. Grier , Ólan T. Henry , Nilss Olekalns , Kalvinder Shields
DOI: 10.1002/JAE.763
关键词:
摘要: We study the effects of growth volatility and inflation on average rates output for post-war US data. Our results suggest that increased uncertainty is associated with significantly lower growth, while higher negatively correlated inflation. Both display evidence significant asymmetric response to positive negative shocks equal magnitude. Copyright © 2004 John Wiley & Sons, Ltd.
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