References on the Relationship between Inflation and

Inflation Uncertainty or Variability


Ball, Laurence. P. "Why Does High Inflation Raise Inflation Uncertainty?" NBER working paper #3224 (January 1990).

Ball, Laurence and Stephen G. Cecchetti. "Inflation and Uncertainty at Long and Short Horizons" Brookings Papers on Economic Activity 1 (1990), 215-54.

Brunner, Allan D. "Commen on 'Inflation Regimes and the Sources of Inflation Uncertainty'" Journal of Money, Credit, and Banking, 25, (August 1993, Part 2), 512-14.

Brunner, Allan D., and Gregory D. Hess. "Are Higher Levels of Inflation Less Predictable? A State-Dependent Conditional Heteroscedasticity Approach." Journal of Business and Economic Statistics 11 (April 1993), 187-197.

Chowdhury, Abdur R. "The Relationship Between the Inflation Rate and its Variability: The Issues Reconsidered." Applied Economics 23 (June 1991), 993-1003.

Darrat, Ali F. and Franklin Lopez. A. "Price Instability and Inflation: Some Tests Based on Rational Expectations Models." Economics Letters 26 (June 1988), 111-19.

Davis, George and Bryce Kanago. "The Missing Link: Intra-Country Evidence on the Relationship between High and Uncertain Inflation from High Inflation Countries." Southern Economic Journal 63 (July 1996b) 205-22.

Demetriades, Panikos. "Macroeconomic Aspects of the Correlation Between the Level and Variability of Inflation." Economics Letters 26 (1988), 121-124.

Edmonds, Radcliffe.G. and Jacky C. So. "Variability and Inflation: Evidence from Developed and Developing Countries." Journal of Macroeconomics 15 (Fall 1993), 679-708.

Emery, Kenneth H. "Inflation and Its Variability: An Alternative Specification." Applied Economics 25 (January 1993), 43-46.

Evans, Martin, and Paul Wachtel "Inflation Regimes and the Sources of Inflation Uncertainty." Journal of Money, Credit, and Banking, 25, (August 1993, Part 2), 475-511.

Foster, E. " The Variability of Inflation" Review of Economics and Statistics, 60:3 (1978) 346-350.

Friedman, Milton ""Nobel Lecture: Inflation and Unemployment" Journal of Political Economy 85 (1977), 451-72.

Froyen, Richard T. and Roger N. Waud. "An Examination of Aggregate Price Uncertainty in Four Countries and Some Implications for Real Output." International Economic Review 28 (June, 1987), 353-72.

Glezakos, Constantine and Jeffery B. Nugent. "Price Instability and Inflation: The Latin-American Case." World Development 12 (July 1984), 755-58.

Golob, J. "Does Inflation Uncertainty Increase with Inflation?" Federal Reserve Bank of Kansas City Economic Review (Third Quarter 1994), 27-38.

Gordon, R. J. " Steady Anticipated Inflation: Mirage or Oasis?" Brookings Papers on Economic Activity 2 (1971), 499-510.

Hafer, R. W. and Gail Heyne-Hafer. "The Relationship Between Inflation and Its Variability: International Evidence from the 1970's." Journal of Macroeconomics (Fall 1981), 571-77.

Holland, A. Steven, "Does Higher Inflation Lead to More Uncertain Inflation?" Federal Reserve Bank of St. Louis Review 66 (February 1984), 15-26

____________ "Inflation and Uncertainty: Tests for Temporal Ordering." Journal of Money, Credit, and Banking 27 (August 1995), 827-37.

_____________ "Comment on 'Inflation Regimes and the Sources of Inflation Uncertainty'", Journal of Money, Credit, and Banking, 25, (August 1993, Part 2), 514-20.

______________ "Uncertain Effects of Money and the Link between the Inflation Rate and Inflation Uncertainty" Economic Inquiry, 31, January 1993, 39-51.

Katsimbris, George M. "The Relationship Between the Inflation Rate, Its Variability, and Output Growth Variability: Disaggregated International Evidence." Journal of Money Credit and Banking 17 (May 1985), 79-88.

Logue, Dennis E. and Thomas D. Willett. "A Note on the Relationship between the Rate and Variability of Inflation." Economica 43 (May 1976), 151-58.

Maskus, Keith, and Abbas Pourgerami. "Inflation and its Predictability in High-Inflation Latin American countries: Some Evidence on Two Competing Hypotheses - A Reserach Note" Journal of International Development 2 (July, 1990), 373-79.

Okun, Arthur. "The Mirage of Steady Inflation," Brookings Papers on Economic Activity 2 (1971), 485-98.

Pagan, A. R., A. D. Hall, and P. K. Trivedi. "Assessing the Variability of Inflation." Review of Economic Studies 50 (October 1983), 585-96.

Pourgerami, Abbas and Keith E. Maskus. "The Effects of Inflation on the Predictability of Price Changes in Latin America: Some Estimates and Policy Implications." World Development 15 (February 1987), 287-90.

Taylor, John B. "On the Relation Between the Variability of Inflation and the Average Inflation Rate" Carnegie-Rochester Conference Series on Public Policy 15 (1981), 57-86.

Ungar, Meyer and Ben-Zion Zilberfarb. "Inflation and Its Unpredictability - Theory and Empirical Evidence." Journal of Money, Credit, and Banking 25 (November 1993), 709-720.