Does Inflation Affect Output Varibility? Evidence from 40 Years of US Data

Talan B. Iscan () and Lars Osberg ()

Department of Economics at Dalhousie University working papers archive from Dalhousie, Department of Economics

Abstract: The paper investigates whether it is the level of inflation, changes in the inflation rate or unanticipated inflation which influence the variability of sectoral output growth rate, using the U.S. monthly industrial data from 1957 to 1997. We experiment a range of specifications - our main findign is there is no systematic relationship between inflation and sectorial growth. The effective exchange rate and the real oil price do help to explain some of the dispersion in output growth rates.

Keywords: Inflation; Sector Growth Variability (search for similar items in EconPapers)
JEL-codes: E31 E52 (search for similar items in EconPapers)
Date: 1998-01-20
View list of references

Downloads: (external link)
http://www.economics.dal.ca/RePEc/dal/wparch/stabilus.pdf (application/pdf)
http://www.economics.dal.ca/RePEc/dal/wparch/stabilus.ps (application/postscript)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:dal:wparch:stabilus

Access Statistics for this paper

More papers in Department of Economics at Dalhousie University working papers archive from Dalhousie, Department of Economics
Contact information at EDIRC.
Series data maintained by ().