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Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan

Yıl 2012, Cilt: 2 Sayı: 3, 348 - 356, 01.09.2012

Sajid Amin Javed Saud Ahmed Khan Azad Haider Farzana Shaheen

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

Yıl 2012, Cilt: 2 Sayı: 3, 348 - 356, 01.09.2012

Sajid Amin Javed Saud Ahmed Khan Azad Haider Farzana Shaheen

Öz

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Ayrıntılar

Diğer ID JA59HK27RN
Bölüm Araştırma Makalesi
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
Yayımlandığı Sayı Yıl 2012 Cilt: 2 Sayı: 3

Kaynak Göster

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.
AMA Javed SA, Khan SA, Haider A, Shaheen F. Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan. IJEFI. Eylül 2012;2(3):348-356.
Chicago Javed, Sajid Amin, Saud Ahmed Khan, Azad Haider, ve Farzana Shaheen. “Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan”. International Journal of Economics and Financial Issues 2, sy. 3 (Eylül 2012): 348-56.
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 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, 2012.
ISNAD Javed, Sajid Amin vd. “Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan”. International Journal of Economics and Financial Issues 2/3 (Eylül 2012), 348-356.
JAMA 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, 2012, ss. 348-56.
Vancouver Javed SA, Khan SA, Haider A, Shaheen F. Inflation and Inflation Uncertainty Nexus: Empirical Evidence from Pakistan. IJEFI. 2012;2(3):348-56.