Inflation and Uncertainty: Tests for Temporal Ordering
A Steven Holland
Journal of Money, Credit and Banking, 1995, vol. 27, issue 3, 827-37
For the postwar United States, increases in the rate of inflation tend to precede increases in the level of inflation uncertainty. The finding suggests that higher inflation uncertainty is part of the welfare cost of inflation. Possible explanations are (1) a high rate of inflation increases uncertainty about future monetary policy and (2) there is uncertainty about the persistence of inflation. Copyright 1995 by Ohio State University Press.
References: Add references at CitEc
Citations View citations in EconPapers (96) Track citations by RSS feed
Downloads: (external link)
http://links.jstor.org/sici?sici=0022-2879%2819950 ... 0.CO%3B2-4&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:27:y:1995:i:3:p:827-37
Access Statistics for this article
Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West
More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Series data maintained by Wiley-Blackwell Digital Licensing ().