Inflation, Inflation Uncertainty and the Economic Growth Nexus: A Review of the Literature
نویسندگان
چکیده
Abstract Research background: Price stability plays a crucial role in ensuring stabilities the financial markets as well real sector. Despite this, questions are still raised, querying if it is either inflation, inflation uncertainty or combination of both, which affects economic growth? The results obtained, both theoretically and empirically, differ. This paper seeks to revisit provide theoretical empirical review literature on growth nexus. Purpose: focus centred literature, investigating differences findings attributed channels through passed over growth; source lies separate joint estimation growth. methodology: presents an extensive scholarly studies nexus based their results. analysed, synthesised critically evaluated previous fronts. Results: In study found that impact mainly two channels, price-informative investment spending channel. From front, separately estimated mixed Studies variables growth, arrived at conclusion harms while remains inconclusive uncertainty. Novelty: provides insight into detailed subject various transmission channels. Further, enriches exploring possible reasons behind lack consensus
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ژورنال
عنوان ژورنال: Folia Oeconomica Stetinensia
سال: 2022
ISSN: ['1898-0198', '1730-4237']
DOI: https://doi.org/10.2478/foli-2022-0009