Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan

Sajid Amin Javed; Saud Ahmed Khan; Azad Haider; Farzana Shaheen

EN

Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan

Öz

This study examines relationship between Inflation and Inflation uncertainty for Pakistan using monthly data over 1957:1-2007:12. ARMA-GARCH model is applied to estimate conditional volatility of inflation. Findings of the study support Friedman-Ball hypothesis for Pakistan as Granger-causality test reveals that inflation affects inflation uncertainty positively. We find no evidence for inflation uncertainty affecting inflation rates as suggested by Cukierman & Meltzer (1986) and only unidirectional relation is evident with causality running from inflation to inflation uncertainty. High volatility persistence for inflation is also confirmed. Results of the study may be useful for policymakers at central bank to devise more efficient monetary policy.

Anahtar Kelimeler

Friedman-Ball Hypothesis, Inflation Uncertainty, GARCH, Granger Causality

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Sajid Amin Javed Bu kişi benim

Saud Ahmed Khan Bu kişi benim

Azad Haider Bu kişi benim

Farzana Shaheen Bu kişi benim

Yayımlanma Tarihi

1 Eylül 2012

Gönderilme Tarihi

1 Eylül 2012

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2012 Cilt: 2 Sayı: 3

IZ

https://izlik.org/JA75WA48BJ

Kaynak Göster

RIS / Bibtex

APA

Javed, S. A., Khan, S. A., Haider, A., & Shaheen, F. (2012). Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan. International Journal of Economics and Financial Issues, 2(3), 348-356. https://izlik.org/JA75WA48BJ

AMA

1.Javed SA, Khan SA, Haider A, Shaheen F. Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan. IJEFI. 2012;2(3):348-356. https://izlik.org/JA75WA48BJ

Chicago

Javed, Sajid Amin, Saud Ahmed Khan, Azad Haider, ve Farzana Shaheen. 2012. “Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan”. International Journal of Economics and Financial Issues 2 (3): 348-56. https://izlik.org/JA75WA48BJ.

EndNote

Javed SA, Khan SA, Haider A, Shaheen F (01 Eylül 2012) Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan. International Journal of Economics and Financial Issues 2 3 348–356.

IEEE

[1]S. A. Javed, S. A. Khan, A. Haider, ve F. Shaheen, “Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan”, IJEFI, c. 2, sy 3, ss. 348–356, Eyl. 2012, [çevrimiçi]. Erişim adresi: https://izlik.org/JA75WA48BJ

ISNAD

Javed, Sajid Amin - Khan, Saud Ahmed - Haider, Azad - Shaheen, Farzana. “Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan”. International Journal of Economics and Financial Issues 2/3 (01 Eylül 2012): 348-356. https://izlik.org/JA75WA48BJ.

JAMA

1.Javed SA, Khan SA, Haider A, Shaheen F. Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan. IJEFI. 2012;2:348–356.

MLA

Javed, Sajid Amin, vd. “Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan”. International Journal of Economics and Financial Issues, c. 2, sy 3, Eylül 2012, ss. 348-56, https://izlik.org/JA75WA48BJ.

Vancouver

1.Sajid Amin Javed, Saud Ahmed Khan, Azad Haider, Farzana Shaheen. Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan. IJEFI [Internet]. 01 Eylül 2012;2(3):348-56. Erişim adresi: https://izlik.org/JA75WA48BJ