Inflation, Inflation Uncertainty and Output Growth in Iran
Subject Areas :Elham Farnaghi 1 , Oranous Parivar 2 , Hamid Tofighi 3
1 - M.A. in Economics
2 - Assistant Professor on South branch, Islamic Azad University South Tehran Branch
3 - Assistant Professor on South branch, Islamic Azad University South Tehran Branch
Keywords: Iran, inflation, inflation uncertainty, output growth, EGARCH model,
Abstract :
This study explores the relationship between inflation, inflation uncertainty and output growth enjoying the quarterly data of consumer price index in Iran from1368:1 to 1387:2. For this purpose the exponential GARCH model and granger causality test were used. The results indicate a bilaterally causal relationship between inflation and inflation uncertainty, while there is no significant relationship between inflation uncertainty and output growth and also between inflation and output growth