scholarly journals The Linkages between Inflation and Inflation Uncertainty in Selected Asian Economies: Evidence from Quantile Regression

2020 ◽  
Vol 11 (2) ◽  
pp. 74
Author(s):  
Komain JIRANYAKUL
Keyword(s):  
Quantile Regression ◽  
Inflation Targeting ◽  
Asian Countries ◽  
Inflation Uncertainty ◽  
Monthly Data ◽  
The Real ◽  
Real Cost ◽  
Asian Economies ◽  
Egarch Model

This paper examines inflation-inflation uncertainty nexus in both inflation targeting and non-inflation targeting economies in Asia. Using monthly data from 1979M1 to 2019M12, the AR(p)-EGARCH model is used to generate inflation uncertainty series. In addition, quantile regression is employed to examine the linkages between inflation and inflation uncertainty in nine Asian countries. The results show that inflation positively causes inflation uncertainty in all economies regardless of whether economies have implemented inflation targeting or not. The Friedman-Ball hypothesis is thus supported. In addition, inflation uncertainty positively causes inflation in most economies. Therefore, the Cukierman-Meltzer hypothesis is likely to be supported. The findings signal the possibility of the real cost of inflation for these economies.

Dynamic Linkages and Volatility Transmissions between Macroeconomic Uncertainty and Performance: Evidence from South Asian Countries

2019 ◽  
Vol 14 (3) ◽  
pp. 281-313
Author(s):  
Said Zamin Shah ◽  
Ahmad Zubaidi Baharumshah ◽  
Muzafar Shah Habibullah
Keyword(s):  
South Asian ◽  
Inflation Targeting ◽  
Negative Influence ◽  
Output Growth ◽  
Sustainable Growth ◽  
Asian Countries ◽  
Inflation Uncertainty ◽  
Macroeconomic Uncertainty ◽  
Expectations Formation ◽  
And Performance

In this article, we examine the time-varying linkages and volatility transmissions between macroeconomic uncertainty and macroeconomic performance in four South Asian countries over the last 20–30 years. Through the lens of bivariate GARCH family models supplemented with two-step procedure, we arrive at several important conclusions. First, there is an overwhelming support for the Friedman–Ball hypothesis that higher inflation leads to inflation uncertainty in all countries. Second, Holland’s idea of negative influence of inflation volatility on the level of inflation holds only for one country (India). Third, there is no significant effect of macroeconomic uncertainty on the output growth in all countries under study, where real uncertainty induces inflation but impedes output growth, except in India. Fourth, output growth leads to decline real uncertainty in all countries except Sri Lanka and improves (reduces) inflation uncertainty in India (Bangladesh) only. Fifth, there is a statistically significant bidirectional causality between real and nominal uncertainties for at least half of the countries. Finally, there is an adverse effect of higher inflation on the output growth for Pakistan. We suggest that policymakers in these countries should pay more attention to expectations formation and should adopt dynamic monetary stabilization and inflation-targeting strategies, coupled with sustainable growth measures, for reducing macroeconomic volatilities.

The real cost of pain management

Anaesthesia ◽  
2001 ◽  
Vol 56 (11) ◽  
pp. 1031-1033 ◽  
Author(s):  
C. J. Phillips
Keyword(s):  
Pain Management ◽  
The Real ◽  
Real Cost

Beyond Technonationalism

2019 ◽  
Author(s):  
Kathryn C. Ibata-Arens
Keyword(s):  
Innovation Policy ◽  
High Technology ◽  
Entrepreneurial Activity ◽  
Asian Countries ◽  
Firm Creation ◽  
Biomedical Innovation ◽  
The World ◽  
Asian Economies ◽  
Biomedical Industry ◽  
Innovation And Entrepreneurship

What explains the rapid and sustained economic rise of Asian countries in high-technology industries, including biomedicals? The biomedical industry, comprised mainly of biopharmaceuticals and medical devices, is among the fastest growing globally and has been an economic-development target of national governments around the world. The book presents a conceptual framework to assess national government management of innovation and entrepreneurship in the fast-growing biomedical industry in Asia, which at current growth rates is on track to become the center of the world economy. Four Asian countries—China, India, Japan, and Singapore—are compared in terms of innovation capacities, government policy, and firm-level strategies underlying competitive advantages in high technology. The book argues that countries that pursue networked technonationalism have been effective in upgrading innovation capacity and also encouraging entrepreneurial activity in targeted industries. The study begins with a global-level analysis of biomedical innovation and entrepreneurship, identifying emerging concentrations of scientific citation, patenting, and firm creation—paying close attention to trends in Asian economies and future prospects. Findings indicate a gradual shift to Asian economies of many biomedical-innovation and new-business-creation activities. The book concludes with implications for innovation policy and entrepreneurship strategy in Asia and elsewhere.

Associations Between Exposure to The Real Cost Campaign, Pro-Tobacco Advertisements, and Tobacco Use Among Youth in the U.S.

2021 ◽  
Author(s):  
Elise M. Stevens ◽  
Emily T. Hébert ◽  
Brittney Keller-Hamilton ◽  
Summer G. Frank-Pearce ◽  
Alayna P. Tackett ◽  
...  
Keyword(s):  
Tobacco Use ◽  
The Real ◽  
Real Cost ◽  
The U.S

The Real Cost of Education

1923 ◽  
Vol 98 (23) ◽  
pp. 634-634
Keyword(s):  
The Real ◽  
Real Cost ◽  
Cost Of Education

The Real Cost of Process Safety—A Clear Case for Inherent Safety

2003 ◽  
Vol 81 (6) ◽  
pp. 406-413 ◽  
Author(s):  
J.P. Gupta ◽  
D.C. Hendershot ◽  
M.S. Mannan
Keyword(s):  
Inherent Safety ◽  
Process Safety ◽  
The Real ◽  
Real Cost ◽  
Clear Case
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