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Inflation uncertainty and real economic activities

Kiseok Lee and Shawn Ni

Applied Economics Letters, 1995, vol. 2, issue 11, pages 460-462

Abstract: Inflation uncertainty is shown to have highly significant negative correlations with real activities if the uncertainty is measured by a state-dependent conditional variance model. The results are consistent with those obtained from survey data and cross-country data.

Date: 1995
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