Caglayan, M., Kocaaslan, O.K. and Mouratidis, K. (2015) Regime Dependent Effects of Inflation Uncertainty on Real Growth: A Markov Switching Approach. Scottish Journal of Political Economy. ISSN 0036-9292
Abstract
We empirically investigate the effects of inflation uncertainty on output growth for the United States between 1960 and 2012. Modeling output dynamics within a Markov regime switching framework, we provide evidence that inflation uncertainty exerts a negative and regime-dependent impact on output growth. A battery of sensitivity checks confirm our findings.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015 Wiley. This is an author produced version of a paper subsequently published in Scottish Journal of Political Economy. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 27 Jan 2015 16:36 |
Last Modified: | 25 Jul 2017 14:36 |
Published Version: | http://dx.doi.org/10.1111/sjpe.12087 |
Status: | Published |
Publisher: | Wiley |
Refereed: | Yes |
Identification Number: | 10.1111/sjpe.12087 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:83020 |