Year: 2013
Type: report
Abstract: This study investigates the relationship between inflation, inflation uncertainty and output in Tunisia using real and nominal data. GARCH-in-mean model with lagged variance equation is employed for the analysis. The result shows that inflation uncertainty has a positive and significant effect on the level of inflation only in the real term. Moreover, inflation uncertainty Granger-causes inflation and economic growth respectively. These results have important implications for the monetary policy in Tunisia.
Source: Econstor (Econstor)
Authors: Hachicha, Ahmed, Lean Hooi Hooi
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2109953196