Inflation uncertainty and growth in a cash-in-advance economy

By M. Dotsey, P. Sarte. 2000

270 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/3384f5b31a50f042718078eefcfce8885858d7c0

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In Economics and Econometrics

Citations in the corpus

Inflation, Inflation Uncertainty and a Common European Monetary Policy (2004, unknown): “This seemingly surprising result may arise under the assumption of risk-averse agents and a precautionary motive for savings, as Dotsey and Sarte (2000) have shown in their theoretical model.”
Inflation, output growth, and nominal and real uncertainty: Empirical evidence for the G7 (2007, methodology): “We find support for the CukiermaneMeltzer hypothesis when the PPI index is used (we also find some weak evidence for the Holland hypothesis when we use the CPI data) and support for the Dotsey and Sarte (2000) theory when the CPI index is used.”
On the relationship between growth and volatility (2004, background): “As far as we know, Dotsey and Sarte (2000) present the only analysis that explores the role of monetary factors.”
Inflation and growth: Explaining a negative effect (2004, methodology): “this return and the growth rate only through devices that somehow put capital under the cash-inadvance constraint, such as in Stockman (1981), Haslag (1998) and Dotsey and Sarte (2000) ; but then”
Another Perspective on the Effects of Inflation Uncertainty (2004, methodology): “The empirical model is based on a familiar identified vector autoregressive framework, modified to accommodate multivariate generalized autoregressive conditional heteroskedasticity.”
Inflation Uncertainty, Output Growth Uncertainty and Macroeconomic Performance (2006, background): “…investment projects and therefore provides an incentive to delay these projects, thus contributing to lower investment and output growth.1 In sharp contrast, Dotsey and Sarte (2000), using a cash-in-advance framework, obtain a rather puzzling result: more inflation uncertainty can increase output.”
On the real effects of inflation and inflation uncertainty in Mexico (2006, background): “…of waiting, in that it raises the required rate of return on current investment projects, causing some of them to be postponed.5 However, Dotsey and Sarte (2000) use a cash-in-advance model to show that inflation variability has a positive effect on economic growth through increased savings.”
An Impulse-Response Function for a Vector Autoregression with Multivariate-Garch-In-Mean (2002, unknown): “Tel: (701) 231-6532; Email: John.Elder@ndsu.nodak.edu; Web: http://www.ndsu.nodak.edu/ndsu/jelder”