The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
The relationship between inflation and inflation uncertainty in the UK: 1885–1998
Open accessAbstract
Using a long series of UK inflation data, I have provided strong evidence in favour of the hypothesis that inflationary periods are associated with high inflation uncertainty. This result supports the Friedman-Ball hypothesis and has important implications for the inflation-output relationship provided that more inflation uncertainty leads to lower output.
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In the citing paper
“Fountas (2001) extended this analysis to find that the relationship was bi-directional in some economies.”
From Fiscal Policy, Inflation Volatility, and Macroeconomic Instability in Nigeria: A GARCH-Family Modelling Approach with Asymmetric Effects and Structural Break Analysis (2026) · cites this paper as Fountas (2001)
In the citing paper
“This 'Friedman-Ball hypothesis' has received substantial empirical support in the developing world (Fountas, 2001; Baillie et al., 1996).”
From Fiscal Policy, Inflation Volatility, and Macroeconomic Instability in Nigeria: A GARCH-Family Modelling Approach with Asymmetric Effects and Structural Break Analysis (2026) · cites this paper as Fountas, 2001
Citations
Cites
Generalized autoregressive conditional heteroskedasticity
Bollerslev, T. (1986) · Journal of Econometrics · doi:10.1016/0304-4076(86)90063-1 · Cited by 22,254
Engle, R. F. (1982) · Econometrica · doi:10.2307/1912773 · Cited by 20,795
Nobel Lecture: Inflation and Unemployment
Friedman, M. (1977) · Journal of Political Economy · doi:10.1086/260579 · Cited by 1,799
A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information
Cukierman, A., & Meltzer, A. H. (1986) · Econometrica · doi:10.2307/1912324 · Cited by 1,286
Tobin, J. G. (1995) · doi:10.1007/978-1-349-24002-9_12 · Cited by 786
Analysing inflation by the fractionally integrated ARFIMA-GARCH model
Baillie, R. T., Chung, C., & Tieslau, M. A. (1996) · Journal of Applied Econometrics · Cited by 553
Why does high inflation raise inflation uncertainty?
Ball, L. M. (1992) · Journal of Monetary Economics · doi:10.1016/0304-3932(92)90032-w · Cited by 477
Estimates of the Variance of U. S. Inflation Based upon the ARCH Model
Engle, R. F. (1983) · Journal of Money, Credit and Banking · doi:10.2307/1992480 · Cited by 462
The Mirage of Steady Inflation
Okun, A. M. (1971) · Brookings Papers on Economic Activity · doi:10.2307/2534234 · Cited by 336
Inflation and Uncertainty at Short and Long Horizons
Ball, L. M., Cecchetti, S. G., & Gordon, R. J. (1990) · Brookings Papers on Economic Activity · doi:10.2307/2534528 · Cited by 316
Cited by
Inflation, output growth, and nominal and real uncertainty: Empirical evidence for the G7
Fountas, S., & Karanasos, M. G. (2007) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2006.10.006 · Cited by 200
Self-citationInflation Uncertainty, Output Growth Uncertainty and Macroeconomic Performance
Fountas, S., Karanasos, M. G., & Kim, J. (2006) · Oxford Bulletin of Economics and Statistics · doi:10.1111/j.1468-0084.2006.00164.x · Cited by 178
Self-citationRe-examining inflation and inflation uncertainty in developed and emerging countries
Daal, E., Naka, A., & Sánchez, B. (2005) · Economics Letters · doi:10.1016/j.econlet.2005.05.024 · Cited by 115
Inflation and inflation uncertainty: evidence from the Caribbean region
Payne, J. E. (2008) · Journal of Economic Studies · doi:10.1108/01443580810916523 · Cited by 113
On the inflation-uncertainty hypothesis in the USA, Japan and the UK: a dual long memory approach
Conrad, C. A., & Karanasos, M. G. (2004) · Japan and the World Economy · doi:10.1016/j.japwor.2004.03.002 · Cited by 103
Metadata
- Authors
- Fountas, S.
- Affiliations
- Ollscoil na Gaillimhe – University of Galway (IE)
- Corresponding author
- Fountas, Stilianos
- ORCID
- Fountas, Stilianos
- Venue
- Economics Letters
- Publisher
- Elsevier BV
- Published
- 2001-12
- Volume
- 74
- Issue
- 1
- Pages
- 77-83
- ISSN
- 0165-1765 (ISSN-L)
- OpenAlex
- W2154644682
- Cited by
- 108
- References
- 47
- Citations by year
- 2026: 1 · 2025: 2 · 2024: 4 · 2023: 5 · 2022: 2 · 2021: 2 · 2020: 4 · 2019: 3 · 2018: 3 · 2017: 5 · 2016: 7 · 2015: 6 · 2014: 5 · 2013: 5 · 2012: 6
- FWCI
- 1.50
- Type
- journal article
- Language
- en
- Open access
- green
- doi.org
- Licence
- cc-by
- www.elsevier.com/tdm/userlicense/1.0/ (tdm)
- Locations
- Economics Letters (publishedVersion)
- University of Galway Research Repository (acceptedVersion, cc-by)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Market Dynamics and Volatility
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Keywords
- inflation, inflation uncertainty, Friedman-Ball hypothesis, inflation-output relationship
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
