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Nominal uncertainty and inflation: The role of European union membership |
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| Authors: | Kyriakos C Neanidis Christos S Savva |
| Institution: | a Economics, University of Manchester and Centre for Growth and Business Cycle Research, Manchester, United Kingdom;b Department of Commerce, Finance and Shipping, Cyprus University of Technology, 140 Ayiou Andreou str., P.O. Box 50329, 3603 Lemesos, Cyprus |
| Abstract: | We provide evidence that higher inflation uncertainty leads to higher inflation in the new European Union (EU) member states and candidate countries only prior to EU accession. During EU accession and entry, inflation uncertainty has no effect on mean inflation. |
| Keywords: | Inflation Inflation uncertainty EU membership GARCH |
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