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- W4382298879 abstract "This paper examines the interrelationship between inflation, inflation uncertainty, growth, and growth uncertainty. We find a negative effect of output uncertainty on output growth and a positive effect of output growth on output uncertainty. Inflation uncertainty has a negative effect on the inflation rate, suggesting that there is a stabilizing motive during high periods of high inflation, where the policy lowers inflation uncertainty to minimize the economic welfare costs of deflationary actions. However, inflation has a positive effect on inflation uncertainty suggesting that agents may devote more resources to inflation forecasting in a rising inflation environment, which reduces uncertainty. We also find a negative relation between inflation and growth, suggesting that a moderate trend of growth and inflation should be maintaine to achieve desirable effects on the economy." @default.
- W4382298879 created "2023-06-28" @default.
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- W4382298879 date "2023-03-31" @default.
- W4382298879 modified "2023-10-04" @default.
- W4382298879 title "INTERLINKAGE OF MACROECONOMIC UNCERTAINTY AND MACROECONOMIC PERFORMANCE: EVIDENCE FROM ASEAN-5 COUNTRIES PANEL VAR" @default.
- W4382298879 doi "https://doi.org/10.59091/1410-8046.2045" @default.
- W4382298879 hasPublicationYear "2023" @default.
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