On inflation and inflation uncertainty in the G7 countries

Article Abstract:

Increased inflation substantially result to heightened inflation uncertainty in all the G7 countries for the 1948-1993 period although no conclusive evidence has been been found regarding the effect inflation uncertainty has over inflation. In the United States, the United Kingdom, and Germany, increased inflation uncertainty leads to lower inflation. In Japan and France, however, high inflation uncertainty results to high inflation. The evaluation of the G7 countries utilized GARCH models to assess inflation uncertainty and Granger methods to test for variable causality.

Prices, Industrialized countries, Inflation (Finance), Industrial nations, Uncertainty, Inflation (Economics)

---

Lessons from the Asian crisis

Article Abstract:

The East Asian financial crisis is discussed from the point of view of asymmetric information analysis. It explains the crisis as mostly due to problems with fundamentals, specifically in the financial sector, while considering illiquidity and multiple equilibria factors. Among the lessons provided by the analysis are the need for an international lender of last resort, the need for lending conditionalities to prevent moral hazards which accompany the operations of the international lender and that capital flows are symptoms and not the basic causes of crises.

Analysis, International economic relations, Financial markets, East Asia, Foreign loans, Foreign exchange market

---

Similar abstracts:

• Abstracts: Inflation, inflation uncertainty, and relative price dispersion: evidence from bivariate GARCH-M models. Time-consistent policy and persistent changes in inflation
• Abstracts: Optimal inflation contracts and inflation targets with uncertain central bank preferences: accountability through independence
• Abstracts: The financial structure of government debt in OECD countries: an examination of the time-consistency issue. Average marginal tax rates revisited
• Abstracts: The World Trade Organisation: institution-building in the multilateral trade system. The economic desirability of Middle-Eastern monetary cooperation
• Abstracts: Building for the future. Room for growth. Shifting sands

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.