Title of article :
Causality between inflation and real growth
Author/Authors :
Y. Hwang، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2007
Abstract :
The paper investigates inflation-growth causality over 1947–2005 with VARMA-ML-Asymmetric-VGARCH. The results imply that one uncertainty affects positively its level and much less negatively the other level whereas one level influences positively both uncertainties. Friedmanʹs hypothesis was not strongly rejected.
Keywords :
Friedmanיs hypothesis , Asymmetry , Inflation , VARMA-VGARCH , growth
Journal title :
Economics Letters
Journal title :
Economics Letters
