DocumentCode
2538013
Title
The Relationship between Inflation and its Uncertainty in China´s Economy
Author
Fu, Yiting
Author_Institution
Sch. of Manage., Changchun Inst. of Technol., Changchun, China
fYear
2012
fDate
12-14 Oct. 2012
Firstpage
246
Lastpage
249
Abstract
This study examines the relationship between inflation and inflation uncertainty in China. We estimate a model with a GARCH specification for the conditional volatility of inflation in order to distinguish between structural and impulse uncertainty. Our analysis suggests that the monetary authorities may be able to eliminate much of the costs associated with high inflation by following well-understood policy rules.
Keywords
autoregressive moving average processes; inflation (monetary); uncertainty handling; China economy; GARCH specification; conditional volatility; impulse uncertainty; inflation uncertainty; monetary authority; policy rules; structural uncertainty; Business; Economic indicators; Electric shock; Kalman filters; Measurement uncertainty; Uncertainty; heteroscedasticity; kalman filter; structural uncertainty; time-varying parameter;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Computing and Global Informatization (BCGIN), 2012 Second International Conference on
Conference_Location
Shanghai
Print_ISBN
978-1-4673-4469-2
Type
conf
DOI
10.1109/BCGIN.2012.70
Filename
6382511
Link To Document