Monetary Policy Uncertainty and Inflation-Uncertainty Relationship

D. Powers

Working Papers from University College Cork - Department of Economics

Abstract: This paper examines the effect of monetary policy uncertainty on the relationship between inflation and its conditional variance. Uncertainty in monetary policy, defined as persistence in the shocks to the growth rate of money, produces real uncertainty in the economy which contributes to inflation uncertainty.

Keywords: FINANCIAL POLICY; INFLATION (search for similar items in EconPapers)
JEL-codes: E31 E32 E59 (search for similar items in EconPapers)
Pages: 13 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:uccoec:96-4

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