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Monetary Policy Uncertainty and Inflation-Uncertainty Relationship

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Author Info
Powers, D.
Abstract

This paper examines the effect of monetary policy uncertainty on the relationship between inflation and its conditional variance. Uncertainty in monetary policy, defined as persistence in the shocks to the growth rate of money, produces real uncertainty in the economy which contributes to inflation uncertainty.

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Publisher Info
Paper provided by University College Cork - Department of Economics in its series Papers with number 96-4.

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Length: 13 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:uccoec:96-4

Contact details of provider:
Postal: Ireland; University College Cork, Department of Economics, Cork Ireland
Phone: +353-21-902574
Fax: +353-21-273920
Email:
Web page: http://www.ucc.ie/ucc/depts/economics/
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Related research
Keywords: FINANCIAL POLICY; INFLATION;

Find related papers by JEL classification:
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other

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This page was last updated on 2009-12-16.

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