The asymmetric effects of uncertainty on
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Kevin B. Grier; Γlan T. Henry; Nilss Olekalns; Kalvinder Shields
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Article
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2004
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John Wiley and Sons
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English
β 177 KB
## Abstract We study the effects of growth volatility and inflation volatility on average rates of output growth and inflation for postβwar US data. Our results suggest that increased growth uncertainty is associated with significantly lower average growth, while higher inflation uncertainty is sig