Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/67948
Authors: 
Hachicha, Ahmed
Lean Hooi Hooi
Year of Publication: 
2013
Series/Report no.: 
Economics Discussion Papers 2013-1
Abstract: 
This study investigates the relationship between inflation, inflation uncertainty and output in Tunisia using real and nominal data. GARCH-in-mean model with lagged variance equation is employed for the analysis. The result shows that inflation uncertainty has a positive and significant effect on the level of inflation only in the real term. Moreover, inflation uncertainty Granger-causes inflation and economic growth respectively. These results have important implications for the monetary policy in Tunisia.
Subjects: 
GARCH-M model
inflation
inflation uncertainty
output
JEL: 
C22
E31
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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