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Premium The level and uncertainty of inflation: results from OECD forecasts
Davis GK,
Kanago BE
Publication year2000
Publication title
economic inquiry
Resource typeJournals
PublisherBlackwell Publishing Ltd
There is considerable evidence that inflation variability and the level of inflation are positively related across countries. Evidence of a within‐country relation is mixed. Evidence for a significant positive relation comes mostly from studies using some survey measure; contrary evidence comes mostly from studies using regression errors. Our measure of uncertainty is the squared forecast‐error from Organization for Economic Cooperation and Development inflation forecasts. Most countries do not exhibit a positive and significant relation. The greatest number of positive coefficients is for relative uncertainty regressed on contemporaneous inflation.
Subject(s)computer science , database , econometrics , economics , inflation (cosmology) , macroeconomics , measure (data warehouse) , monetary policy , physics , relation (database) , survey of professional forecasters , theoretical physics
SCImago Journal Rank0.823

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