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:: year 1, Issue 2 (winter 2010) ::
JMBR 2010, 1(2): 1-30 Back to browse issues page
The Links between Inflation, Inflation Uncertainty, Output and Output Uncertainty in Iran
Mohsen Mehrara *, Ramin Mojab
Abstract:   (4373 Views)
By applying conditional variance modeling and Granger causality test، we specified some important determinants of real and nominal uncertainty in Iran (1960-2006). In addition we investigated the negative effects of these uncertainties on output growth. Our results show that an increase in the rate of inflation and a decrease in the level of oil revenues can raise nominal uncertainty، while real uncertainty is arisen by oil revenues. This study could not reject the hypothesis that nominal and real uncertainty has no effect on output growth.
Keywords: Nominal Uncertainty, Real Uncertainty, GARCH Models
Full-Text [PDF 399 kb]   (2200 Downloads)    
Type of Study: Empirical Study |
Received: 2014/07/26 | Accepted: 2014/07/26 | Published: 2014/07/26

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year 1, Issue 2 (winter 2010) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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