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Nominal uncertainty and inflation: The role of European Union membership

Kyriakos Neanidis and Christos Savva ()

Economics Letters, 2011, vol. 112, issue 1, 26-30

Abstract: We provide evidence that higher inflation uncertainty leads to higher inflation in the new European Union (EU) member states and candidate countries only prior to EU accession. During EU accession and entry, inflation uncertainty has no effect on mean inflation.

Keywords: Inflation; Inflation; uncertainty; EU; membership; GARCH (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (12)

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Working Paper: Nominal Uncertainty and Inflation: The Role of European Union Membership (2010) Downloads
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Handle: RePEc:eee:ecolet:v:112:y:2011:i:1:p:26-30