The uncertainty percentiles reflect an ordered ranking of inflation uncertainty
Initiation of reforms on these fronts will reduce inflation uncertainty
and restore a stable business environment.
2006: Inflation uncertainty
, output growth uncertainty and macroeconomic performance.
Results of Heidari and Yengjeh (2010) suggest no significant relationship between inflation uncertainty
and real growth.
Similarly, inflation uncertainty
appears to affect variables such as output, employment and interest rates.
Incorporate past deviations in choosing future inflation targets: The most important payoff to announcing that future inflation targets will reflect past deviations from target is that it could lead to a reduction in medium- and long-horizon inflation uncertainty
Stilianos Fountas (2010), "Inflation, inflation uncertainty
and growth: Are they related?
The reasoning behind this argument lies in the fact that unanchored inflationary expectations can lead to a rise in both actual inflation and inflation uncertainty
which may, in turn, prove costly for the economy by distorting the efficient allocation of resources.
inflation remains low, inflation uncertainty
continues to be elevated.
Moreover, we assess the long- and short-run impacts of inflation uncertainty
on real stock returns.
However, to ensure that our results concerning expected inflation are not driven by further instabilities in the empirical relationship between inflation and RPV, we will also account for breaks in the role of unexpected inflation and inflation uncertainty
Second, there are prominent positive outliers for GDP growth, three of the first four of which occur in the first quarter of the year, likewise the positive inflation uncertainty
revisions in 1997Q1 and 2000Q1.