A Simple Theory of the Inflation-Uncertainty Relationship

D. Powers

Working Papers from University College Cork - Department of Economics

Abstract: This paper will show that in the presence of real uncertainty an increase in the perfectly anticipated growth rate of the money supply will cause an increase in both expected inflation and inflation uncertainty due to what is termed amplification effects.

Keywords: INFLATION; UNCERTAINTY; MONEY; MONETARY POLICY (search for similar items in EconPapers)
JEL-codes: D80 D81 E30 E31 E50 (search for similar items in EconPapers)
Pages: 7 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:uccoec:96-3

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