417
Views
1
CrossRef citations to date
0
Altmetric
Research Article

Inflation, uncertainty, and labour market conditions in the US

& ORCID Icon

References

  • Albulescu, C. T., A. K. Tiwari, S. M. Miller, and Gupta. 2019. “Time-frequency Relationship between Inflation and Inflation Uncertainty for the U.S.: Evidence from Historical Data.” Scottish Journal of Political Economy 66 (5): 673–702. doi:10.1111/sjpe.12207.
  • Alsamara, M., Z. Mrabet, M. Dombrecht, and K. Barkat. 2017. “Asymmetric Responses of Money Demand to Oil Price Shocks in Saudi Arabia: A Non-linear ARDL Approach.” Applied Economics 49 (37): 3758–3769. doi:10.1080/00036846.2016.1267849.
  • Balcilar, M., and Z. A. Özdemir. 2013. “Asymmetric and Time-varying Causality between Inflation and Inflation Uncertainty in G-7 Countries.” Scottish Journal of Political Economy 60: 1–41. doi:10.1111/sjpe.12000.
  • Balcilar, M., Z. A. Özdemir, and E. Cakan. 2011. “On the Nonlinear Causality between Inflation and Inflation Uncertainty in the G3 Countries.” Journal of Applied Economics XIV: 269–296. doi:10.1016/S1514-0326(11)60015-9.
  • Ball, L. 1992. “Why Does High Inflation Raise Inflation Uncertainty?” Journal of Monetary Economics 29: 371–388. doi:10.1016/0304-3932(92)90032-W.
  • Berument, H., Y. Yalcin, and J. Yildirim. 2009. “The Effect of Inflation Uncertainty on Inflation: Stochastic Volatility in Mean Model within a Dynamic Framework.” Economic Modelling 26: 1201–1207. doi:10.1016/j.econmod.2009.05.007.
  • Brock, W. A., W. Dechert, and J. Scheinkman. 1996. “A Test for Independence Based on the Correlation Dimension.” Econometrics Reviews 15: 197–235. doi:10.1080/07474939608800353.
  • Caporale, G. M., L. Onorante, and P. Paesani. 2012. “Inflation and Inflation Uncertainty in the Euro Area.” Empirical Economics 43: 597–615. doi:10.1007/s00181-011-0489-5.
  • Chan, J. C. C. 2017. “The Stochastic Volatility in Mean Model with Time-varying Parameters: An Application to Inflation Modeling.” Journal of Business & Economic Statistics 35 (1): 17–28. doi:10.1080/07350015.2015.1052459.
  • Chan, J. C. C., G. Koop, and S. M. Potter. 2013. “A New Model of Trend Inflation.” Journal of Business & Economic Statistics 31: 94–106. doi:10.1080/07350015.2012.741549.
  • Chen, S.-W., C.-H. Shen, and Z. Xie. 2006. “Nonlinear Relationship between Inflation and Inflation Uncertainty in Taiwan.” Applied Economics Letters 13 (8): 529–533. doi:10.1080/13504850500400405.
  • Chowdhury, A. 2014. “Inflation and Inflation-uncertainty in India: The Policy Implications of the Relationship.” Journal of Economic Studies 41: 71–86. doi:10.1108/JES-04-2012-0046.
  • Cogley, T., G. Primiceri, and T. Sargent. 2010. “Inflation-gap Persistence in the U.S. American Economic Journal.” Macroeconomics 2: 43–69.
  • Cukierman, A., and A. Meltzer. 1986. “A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information.” Econometrica 54: 1099–1128. doi:10.2307/1912324.
  • Daal, E., A. Naka, and B. Sanchez. 2005. “Re-examining Inflation and Inflation Uncertainty in Developed and Emerging Countries.” Economics Letters 89: 180–186. doi:10.1016/j.econlet.2005.05.024.
  • Engle, R. F. 1982. “AutoRegressive Conditional Heteroskedasticity with Estimates of the Variance of U.K. Inflation.” Econometrica 50: 987–1008. doi:10.2307/1912773.
  • Evans, M. 1991. “Discovering the Link between the Inflation Rate and Inflation Uncertainty.” Journal of Money, Credit, and Banking 23: 169–184. doi:10.2307/1992775.
  • Ferreira, D., and A. Palma. 2016. “Inflation and Inflation Uncertainty in Latin America: A Time-varying Stochastic Volatility in Mean Approach.” Journal of Economic Studies 44: 506–517.
  • Fountas, S. 2010. “Inflation, Inflation Uncertainty and Growth: Are They Related?” Economic Modelling 27: 896–899. doi:10.1016/j.econmod.2010.06.001.
  • Fountas, S., and M. Karanasos. 2007. “Inflation, Output Growth, and Nominal and Real Uncertainty: Empirical Evidence for the G7.” Journal of International Money and Finance 26: 229–250. doi:10.1016/j.jimonfin.2006.10.006.
  • Friedman, M. 1968. “The Role of Monetary Policy.” American Economic Review 58 (1): 1–17.
  • Friedman, M. 1977. “Nobel Lecture: Inflation and Unemployment.” Journal of Political Economy 85: 451–472. doi:10.1086/260579.
  • Frohman, D. A., O. L. Leroy, and T. D. Willet. 1981. “Uncertainty Costs of High Inflation.” Voice of the Federal Reserve Bank of Dallas, 1–9.
  • Ftiti, Z., and F. Jawadi. 2019. “Forecasting Inflation Uncertainty in the United States and Euro Area.” Computational Economics 54: 455–476. doi:10.1007/s10614-018-9794-9.
  • Grier, K. B., and M. J. Perry. 1998. “On Inflation and Inflation Uncertainty in the G7 Countries.” Journal of International Money and Finance 17: 671–689. doi:10.1016/S0261-5606(98)00023-0.
  • Grier, K. B., and M. J. Perry. 2000. “The Effects of Real and Nominal Uncertainty on Inflation and Output Growth: Some GARCH-M Evidence.” Journal of Applied Econometrics 15: 45–58. doi:10.1002/(SICI)1099-1255(200001/02)15:1<45::AID-JAE542>3.0.CO;2-K.
  • Hall, R. E., and T. J. Sargent. 2018. “Short-run and Long-run Effects of Milton Friedman’s Presidential Address.” The Journal of Economic Perspectives 32 (1): 121–134. doi:10.1257/jep.32.1.121.
  • Hemrit, W., and N. Benlagha. 2020. “Asymmetric Impacts of Insurance Premiums on the Non-oil GDP: Some New Empirical Evidence.” Applied Economics 52 (12): 1363–1376. doi:10.1080/00036846.2019.1673300.
  • Holland, S. 1995. “Inflation and Uncertainty: Tests for Temporal Ordering.” Journal of Money, Credit, and Banking 27: 827–837. doi:10.2307/2077753.
  • Hwang, Y. 2001. “Relationship between Inflation Rate and Inflation Uncertainty.” Economics Letters 73: 179–186. doi:10.1016/S0165-1765(01)00482-7.
  • Istrefi, K., and A. Piloiu 2014. “Economic Policy Uncertainty and Inflation Expectations.” Banque de France Working Paper No. 511.
  • Jiang, D. 2016. “Inflation and Inflation Uncertainty in China.” Applied Economics 48 (41): 3935–3943. doi:10.1080/00036846.2016.1148258.
  • Keskek, S., and M. Orhan. 2010. “Inflation and Inflation Uncertainty in Turkey.” Applied Economics 42 (10): 1281–1291. doi:10.1080/00036840701721273.
  • Kim, C.-J. 1993. “Unobserved-component Time Series Models with Markov-switching Heteroskedasticity: Changes in Regime and the Link between Inflation Rates and Inflation Uncertainty.” Journal of Business and Economic Statistics 11: 341–349.
  • Koopman, S. J., and E. Hol Uspensky. 2002. “The Stochastic Volatility in Mean Model: Empirical Evidence from International Stock Markets.” Journal of Applied Econometrics 17 (6): 667–689. doi:10.1002/jae.652.
  • Narayan, P. K. 2005. “The Saving and Investment Nexus for China: Evidence from Cointegration Tests.” Applied Economics 37 (17): 1979–1990. doi:10.1080/00036840500278103.
  • Pesaran, M. H., Y. Shin, and R. J. Smith. 2001. “Bounds Testing Approaches to the Analysis of Level Relationships.” Journal of Applied Econometrics 16 (3): 289–326. doi:10.1002/jae.616.
  • Pourgerami, A., and K. Maskus. 1987. “The Effects of Inflation on the Predictability of Price Changes in Latin America: Some Estimates and Policy Implications.” World Development 15: 287–290. doi:10.1016/0305-750X(87)90083-0.
  • Shin, Y., B. Yu, and M. Greenwood-Nimmo. 2014. “Modelling Asymmetric Cointegration and Dynamic Multipliers in an ARDL Framework.” In Festschrift in Honor of Peter Schmidt, edited by W. C. Horrace and R. C. Sickles. New York: Springer Science and Business Media: 281–314.
  • Stock, J., and M. Watson. 2007. “Why Has U.S. Inflation Become Harder to Forecast?” Journal of Money, Credit, and Banking 39: 3–33. doi:10.1111/j.1538-4616.2007.00014.x.
  • Thornton, D. L. 2012. “How Did We Get to Inflation Targeting and Where Do We Need to Go to Now? A Perspective from the U.S. Experience.” Federal Reserve Bank of St. Louis Review 94: 65–82.
  • Yellen, J. L. 2017. “Inflation, Uncertainty, and Monetary Policy. Speech Delivered at “Prospects for Growth: Reassessing the Fundamentals”.” 59th Annual Meeting of the National Association for Business Economics, Cleveland, Ohio, September 26.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.