| Yazarlar (1) |
Levent Korap
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| Özet |
| In this paper the causality / precedence relationship between inflation and inflation uncertainty has been tried to be examined for the G7 countries with monthly frequency observations in the 1973M1 -- 2008M09 period. In light of the proxy obtained for the inflation uncertainty data using contemporaneous exponential generalized autoregressive conditional heteroskedasticity (EGARCH) methods, the Granger causality tests indicate that supporting the arguments put forward by Friedman-Ball hypotheses, inflation is the Granger-cause of the inflation uncertainty considering a positive relationship. However, no clear-cut evidence for the positive causality running from inflationary uncertainty to inflation explained mainly by Cukierman-Meltzer hypotheses can be found for all the G7 countries in the sense that such an inference seems to be supported in some countries, the sign of this relationship varies in some others, and no causality has been found in still others. All in all, we infer that inflation is a cause of an associated uncertainty component related to itself occurred in the economy. |
| Anahtar Kelimeler |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | Uluslararası alan indekslerindeki dergilerde yayımlanan tam makale |
| Dergi Adı | Gaziantep University Journal of Social Sciences |
| Dergi Tarandığı Indeksler | |
| Makale Dili | İngilizce |
| Basım Tarihi | 12-2009 |
| Cilt No | 8 |
| Sayı | 2 |
| Sayfalar | 503 / 523 |
