| dc.contributor | 金融系 | |
| dc.creator (作者) | Shen, Chung-Hua;Chen, Shyh-Wei;Xie, Zixiong | |
| dc.creator (作者) | 沈中華 | zh_TW |
| dc.date (日期) | 2006 | |
| dc.date.accessioned | 23-Mar-2015 18:12:00 (UTC+8) | - |
| dc.date.available | 23-Mar-2015 18:12:00 (UTC+8) | - |
| dc.date.issued (上傳時間) | 23-Mar-2015 18:12:00 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/73953 | - |
| dc.description.abstract (摘要) | Using Taiwan data, the study employs Hamilton`s (2001) flexible regression model to investigate the relationship between inflation and inflation uncertainty. The results convincingly support Friedman`s hypothesis that a rise in the inflation rate increases inflation uncertainty. This result, however, holds only in a positive inflation regime. When the inflation rate is in a negative inflation regime, one clearly notes that a drop in the inflation rate also increases inflation uncertainty. Thus Friedman`s argument is complemented by advocating that a rise in the absolute inflation rate increases inflation uncertainty. Turning to Cukierman-Meltzer`s hypothesis, both linear and nonlinear inflation uncertainties affect the inflation rate, where the former has positive but the latter has negative effects. | |
| dc.format.extent | 137 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Applied Economics Letters - APPL ECON LETTERS , vol. 13, no. 8, pp. 529-533 | |
| dc.subject (關鍵詞) | Inflation Uncertainty; Regression Model | |
| dc.title (題名) | Nonlinear relationship between inflation and inflation uncertainty in Taiwan | |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1080/13504850500400405 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1080/13504850500400405 | en_US |
