does higher inflation lead to more inflation uncertainty? (the case of iran)
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Does Higher Inflation Lead to More Uncertain Inflation?
N recent years, many countries have experienced “stagflation,” a period of high and rising inflation and unemployment. Over this time, higher inflation increasingly has come to be blamed for higher unemployment and reduced growth of real output. This contrasts sharply with previously held notions that there was either a long-run tradeoff between inflation and unemployment or a “natural rate of ...
full textA GARCH Model of Inflation and Inflation Uncertainty in Iran
The paper investigates the relationship between inflation and inflation uncertainty using the Iranian data over the period 1959:03 – 2008:02. GARCH models are used to examine this relationship. Granger methods are employed to provide statistical evidence for the relationship between average inflation and inflation uncertainty. Threshold GARCH (TGARCH) models are considered to investigate asymme...
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Journal title:
iranian economic reviewPublisher: university of tehran
ISSN 1026-6542
volume 12
issue 19 2007
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