title: The relationship between inflation and inflation uncertainty. Empirical evidence for the newest EU countries.
abstract: The objective of this paper is to verify the hypotheses presented in the literature on the causal relationship between inflation and its uncertainty, for the newest EU countries. To ensure the robustness of the results, in the study four models for inflation uncertainty are estimated in parallel: ARCH (1), GARCH (1,1), EGARCH (1,1,1) and PARCH (1,1,1). The Granger method is used to test the causality between two variables. The working hypothesis is that groups of countries with a similar political and economic background in 1990 and are likely to be characterized by the same causal relationship between inflation and inflation uncertainty. Empirical results partially confirm this hypothesis.
  
  
  BACKGROUND
  C22, E31, E37.
authors.affiliation: Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, Iasi, Romania.
authors.forename: Daniela
authors.initials: D
authors.lastname: Viorica
authors.affiliation: Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, Iasi, Romania.
authors.forename: Danut
authors.initials: D
authors.lastname: Jemna
authors.affiliation: Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, Iasi, Romania.
authors.forename: Carmen
authors.initials: C
authors.lastname: Pintilescu
authors.affiliation: Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, Iasi, Romania.
authors.forename: Mircea
authors.initials: M
authors.lastname: Asandului
mesh_terms: D007250:Inflation, Economic; D008962:Models, Theoretical; D035501:Uncertainty