A Simple Theory of the Inflation-Uncertainty Relationship
This paper will show that in the presence of real uncertainty an increase in the perfectly anticipated growth rate of the money supply will cause an increase in both expected inflation and inflation uncertainty due to what is termed amplification effects.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: Ireland; University College Cork, Department of Economics, Cork Ireland|
Web page: http://www.ucc.ie/ucc/depts/economics/
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