INFLATION UNCERTAINTY AND GROWTH: EVIDENCE FROM PANEL DATA *

This paper explores empirically the link between inflation uncertainty and economic growth through a panel data analysis with a data set from OECD economies that covers the period from 1969 to 1999 and the GARCH methodology. The main results point out that inflation uncertainty has an adverse impact on economic growth in the majority of the cases under investigation Copyright Blackwell Publishing Ltd/ University of Adelaide and Flinders University 2005..