00000nam##2200000za#4500 9.571656 CaOODSP 20211126112844 cr ||||||||||| 150406|1996||||xxc|||||o f|0| 0 eng|d 1701-9397 CaOODSP eng n-cn--- FB3-2/96-9E-PDF Bank of Canada. Does inflation uncertainty vary with the level of inflation? / [electronic resource] by Allan Crawford and Marcel Kasumovich. Ottawa - Ontario : Bank of Canada August 1996. 54p. graphs, references, tables Bank of Canada working paper 1701-9397 [96-9?] "The purpose of this study is to test the hypothesis that inflation uncertainty increases at higher levels of inflation. Our analysis is based on the generalized autoregressive conditional heteroscedasticity (GARCH) class of models, which allow the conditional variance of the error term to be time-varying. Since this variance is a proxy for inflation uncertainty, a positive relationship between the conditional variance and inflation would be interpreted as evidence that inflation uncertainty increases with the level of inflation."--Abstract. The ISBN (0-662-24986-0) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. The purpose of this study is to test the hypothesis that inflation uncertainty increases at higher levels of inflation. Our analysis is based on the generalized autoregressive conditional heteroscedasticity (GARCH) class of models, which allow the conditional variance of the error term to be time-varying. Since this variance is a proxy for inflation uncertainty, a positive relationship between the conditional variance and inflation would be interpreted as evidence that inflation uncertainty increases with the level of inflation.--Abstract Résumé en français. 11-19-Supp 2011-09-23 Inflation gcpds Crawford, Allan Kasumovich, Marcel Does inflation uncertainty vary with the level of inflation? / (CaOODSP)9.613323 Working paper (Bank of Canada) 1701-9397 [96-9?] (CaOODSP)9.504604 http://publications.gc.ca PDF 330 KB https://publications.gc.ca/collections/Collection/FB3-2-96-9E.pdf [96-9?]