Title of article
Permanent and temporary inflation uncertainty and investment in the United States
Author/Authors
Joseph P. Byrne، نويسنده , , E. Philip Davis، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
7
From page
271
To page
277
Abstract
We estimate the impact on US non-residential fixed investment of permanent and temporary inflation uncertainty. We find that while both have a negative effect, temporary uncertainty is more important for investment. This study has implications for monetary policy and applied-econometric practice.
Keywords
Investment , Permanent and temporary uncertainty , Markov switching
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435545
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