Inflation, Inflation Uncertainty, and Growth: Evidence from Ghana
作者: Bernard Njindan Iyke Sin-Yu Ho
刊名: The Contemporary Economics, 2019, Vol.13 (2), pp.123-136
来源数据库: University of Finance and Management
原始语种摘要: Abstract(#br)Inflation and inflation uncertainty are critical factors influencing the functioning of markets and thus the efficient flow of economic activities. In this study, we investigated the effects of inflation and inflation uncertainty on growth in Ghana. Unlike the majority of the previous studies, we distinguished the short-run effects of inflation and inflation uncertainty on growth from the long-run effects. Also, unlike the previous studies, we examined whether increases in inflation uncertainty have the same effects on growth as decreases in it. By applying linear and nonlinear specifications to a data set covering the period 1963 to 2015, we found that inflation has both short and long-run negative effects on growth. Inflation uncertainty has a differential short-run effect...
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  • inflation 膨胀
  • uncertainty 不定
  • Growth 生长
  • short 短的
  • growth 生长
  • applying 施加
  • country 地方
  • economic 经济的
  • previous 先前的
  • promote 助长