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INFLATION UNCERTAINTY AND GROWTH: EVIDENCE FROM PANEL DATA *
Author(s) -
APERGIS NICHOLAS
Publication year - 2005
Publication title -
australian economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 15
eISSN - 1467-8454
pISSN - 0004-900X
DOI - 10.1111/j.1467-8454.2005.00259.x
Subject(s) - inflation (cosmology) , economics , panel data , econometrics , macroeconomics , autoregressive conditional heteroskedasticity , point (geometry) , monetary economics , mathematics , volatility (finance) , physics , geometry , theoretical physics
This paper explores empirically the link between inflation uncertainty and economic growth through a panel data analysis with a data set from OECD economies that covers the period from 1969 to 1999 and the GARCH methodology. The main results point out that inflation uncertainty has an adverse impact on economic growth in the majority of the cases under investigation