Causality between inflation and real growth

被引：7
|
作者：
Hwang, Y. [1 ]
机构：
[1] Dongduk Womens Univ, Seoul 136714, South Korea
来源：
ECONOMICS LETTERS | 2007年 / 94卷 / 01期
关键词：
inflation; growth; VARMA-VGARCH; asymmetry; Friedman's hypothesis;
D O I：
10.1016/j.econlet.2006.09.010
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. Friedman's hypothesis was not strongly rejected. (c) 2006 Elsevier B.V. All rights reserved.
引用
收藏
页码：146 / 153
页数：8
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