Macroeconomic uncertainty and macroeconomic performance: are they related?

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dc.contributor.author Bredin, Donal
dc.contributor.author Fountas, Stilianos
dc.date.accessioned 2009-05-14T15:33:53Z
dc.date.available 2009-05-14T15:33:53Z
dc.date.copyright Centre for Financial Markets, 2004
dc.date.issued 2004-02
dc.identifier.uri http://hdl.handle.net/10197/1125
dc.description.abstract We use a very general multivariate GARCH-M model and G7 monthly data covering the 1957-2003 period to test for the impact of real and nominal macroeconomic uncertainty on inflation and output growth.Our evidence supports a number of important conclusions. First, in most countries output growth uncertainty is a positive determinant of the output growth rate. Second, there is mixed evidence regarding the effect of inflation uncertainty on inflation and output growth. Hence,uncertainty about the inflation rate is not necessarily detrimental to economic growth. Finally, there is mixed evidence on the effect of output uncertainty on inflation. en
dc.format.extent 176490 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Business. Centre for Financial Markets en
dc.relation.ispartofseries Centre for Financial Markets working paper series en
dc.relation.ispartofseries WP-04-07 en
dc.subject Inflation en
dc.subject GARCH models en
dc.subject Asymmetry en
dc.subject Output Uncertainty en
dc.subject.classification C22
dc.subject.classification C51
dc.subject.classification C52
dc.subject.classification E0
dc.subject.lcsh Inflation (Finance)--Econometric models
dc.subject.lcsh Macroeconomics
dc.subject.lcsh Economic development--Econometric models
dc.title Macroeconomic uncertainty and macroeconomic performance: are they related? en
dc.type Working Paper en
dc.internal.availability Full text available
dc.internal.webversions Publisher's version
dc.internal.webversions http://www.ucd.ie/bankingfinance/docs/wp/BREDIN1.pdf
dc.status Not peer reviewed en
dc.neeo.contributor Bredin|Donal|aut|
dc.neeo.contributor Fountas|Stilianos|aut|


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