Does Higher Inflation Lead to More Uncertain Inflation?

A. Steven Holland

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Monetary Policy and Economic Impact Market Dynamics and Volatility Economic theories and models

Abstract

A. Steven Holland investigates the relationship between the rate of inflation and the level of inflation uncertainty. He cites evidence from previous studies of this relationship and discusses the theoretical arguments concerning the likely consequences of greater inflation uncertainty on the economy.

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References

1982Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation 1996The Use of Knowledge in Society 1977Nobel Lecture: Inflation and Unemployment 1978On Indexation and Contract Length 1971The Mirage of Steady Inflation 1981Towards an understanding of the costs of inflation: II 1977A Study of Price Forecasts 1979Differential Inflationary Expectations and the Variability of the Rate of Inflation: Theory and Evidence

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