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Inflation, Inflation Uncertainty and the Economic Growth Nexus: A Review of the Literature

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  • Mandeya Shelton M.T

    (University of South Africa, Department of Economics, P.O Box 392, UNISA, 0003, Pretoria, South Africa)

  • Ho Sin-Yu

    (University of South Africa, Department of Economics, P.O Box 392, UNISA, 0003, Pretoria, South Africa)

Abstract

Research background: Price stability plays a crucial role in ensuring stabilities in the financial markets as well as the real sector. Despite this, questions are still raised, querying if it is either inflation, inflation uncertainty or a combination of both, which affects economic growth? The results obtained, both theoretically and empirically, differ. This paper seeks to revisit and provide both the theoretical and empirical review of literature on the inflation, inflation uncertainty and economic growth nexus.

Suggested Citation

  • Mandeya Shelton M.T & Ho Sin-Yu, 2022. "Inflation, Inflation Uncertainty and the Economic Growth Nexus: A Review of the Literature," Folia Oeconomica Stetinensia, Sciendo, vol. 22(1), pages 172-190, June.
    • Handle: RePEc:vrs:foeste:v:22:y:2022:i:1:p:172-190:n:11
    DOI: 10.2478/foli-2022-0009
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    References listed on IDEAS

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    More about this item

    Keywords

    inflation; inflation uncertainty; price stability; price informational role; economic growth;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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