Macroeconomic uncertainty, growth and inflation in the Eurozone : a causal approach
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Date
Authors
Plakandaras, Vasilios
Gupta, Rangan
Gogas, Periklis
Papadimitriou, Theophilos
Journal Title
Journal ISSN
Volume Title
Publisher
Routledge
Abstract
In this article, we evaluate the causal relationship between macroeconomic uncertainty indices, inflation and growth rate for 17 Eurozone countries on a county-level examination. In performing a series of linear and nonlinear causality tests, we find little evidence of a causal relationship between uncertainty and macroeconomic variables. Thus, macroeconomic analysis based on uncertainty indices should be treated with caution.
Description
Keywords
Output growth, Inflation, Uncertainty, Causality
Sustainable Development Goals
Citation
Vasilios Plakandaras, Rangan Gupta, Periklis Gogas & Theophilos
Papadimitriou (2018) Macroeconomic uncertainty, growth and inflation in the Eurozone: a causal
approach, Applied Economics Letters, 25:14, 1029-1033, DOI: 10.1080/13504851.2017.1391996.