{"id":"https://openalex.org/W135089185","doi":null,"title":"On Measuring the Response of Real GDP Growth to Changes in Inflation Volatility","display_name":"On Measuring the Response of Real GDP Growth to Changes in Inflation Volatility","publication_year":1999,"publication_date":"1999-09-22","ids":{"openalex":"https://openalex.org/W135089185","mag":"135089185"},"language":"en","primary_location":{"id":"mag:135089185","doi":null,"is_oa":false,"landing_page_url":"https://dialnet.unirioja.es/servlet/articulo?codigo=475318","pdf_url":null,"source":{"id":"https://openalex.org/S4306525181","display_name":"Quarterly journal of business and economics","issn_l":"0747-5535","issn":["0747-5535","2327-8242"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Quarterly journal of business and economics","raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5073109299","display_name":"Bradley K. Wilson","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Bradley K. Wilson","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5024137502","display_name":"Sarah E. Culver","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Sarah E. Culver","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.02274838,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"38","issue":"4","first_page":"3","last_page":"15"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.00139999995008111,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation-volatility","display_name":"inflation volatility","score":0.9940000176429749},{"id":"https://openalex.org/keywords/real-gdp-growth","display_name":"real GDP growth","score":0.9959999918937683},{"id":"https://openalex.org/keywords/output-growth","display_name":"output growth","score":0.8289999961853027},{"id":"https://openalex.org/keywords/price-stability","display_name":"price stability","score":0.7110000252723694},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.847000002861023},{"id":"https://openalex.org/keywords/conditional-volatility","display_name":"conditional variance","score":0.6600000262260437},{"id":"https://openalex.org/keywords/inflation-output-trade-off","display_name":"inflation-output trade-off","score":0.6290000081062317},{"id":"https://openalex.org/keywords/united-states","display_name":"United States","score":0.921999990940094}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8298985958099365},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7270182371139526},{"id":"https://openalex.org/C181683161","wikidata":"https://www.wikidata.org/wiki/Q7301159","display_name":"Real gross domestic product","level":2,"score":0.6227273344993591},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5985972881317139},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.556962788105011},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.513643205165863},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.47847768664360046},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.46386995911598206},{"id":"https://openalex.org/C21430997","wikidata":"https://www.wikidata.org/wiki/Q5159279","display_name":"Conditional variance","level":4,"score":0.44263532757759094},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.337797611951828},{"id":"https://openalex.org/C23922673","wikidata":"https://www.wikidata.org/wiki/Q180752","display_name":"Autoregressive conditional heteroskedasticity","level":3,"score":0.18200471997261047},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:135089185","doi":null,"is_oa":false,"landing_page_url":"https://dialnet.unirioja.es/servlet/articulo?codigo=475318","pdf_url":null,"source":{"id":"https://openalex.org/S4306525181","display_name":"Quarterly journal of business and economics","issn_l":"0747-5535","issn":["0747-5535","2327-8242"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Quarterly journal of business and economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":41,"referenced_works":["https://openalex.org/W1481945423","https://openalex.org/W1483612348","https://openalex.org/W1506487916","https://openalex.org/W1522592437","https://openalex.org/W1556593216","https://openalex.org/W1577157323","https://openalex.org/W1588163064","https://openalex.org/W1606377008","https://openalex.org/W1979575715","https://openalex.org/W1984536024","https://openalex.org/W1989824032","https://openalex.org/W1995882048","https://openalex.org/W1998968611","https://openalex.org/W1999814123","https://openalex.org/W1999996900","https://openalex.org/W2004021760","https://openalex.org/W2014425515","https://openalex.org/W2018329224","https://openalex.org/W2018499305","https://openalex.org/W2023718188","https://openalex.org/W2030818338","https://openalex.org/W2034707435","https://openalex.org/W2036290780","https://openalex.org/W2044117118","https://openalex.org/W2051754833","https://openalex.org/W2056638560","https://openalex.org/W2061504221","https://openalex.org/W2063593194","https://openalex.org/W2074158860","https://openalex.org/W2076301377","https://openalex.org/W2081129199","https://openalex.org/W2087851280","https://openalex.org/W2108122190","https://openalex.org/W2110603299","https://openalex.org/W2117089531","https://openalex.org/W2134349212","https://openalex.org/W2153562738","https://openalex.org/W2335110722","https://openalex.org/W3005117407","https://openalex.org/W3122245991","https://openalex.org/W3146166473"],"related_works":["https://openalex.org/W2245257923","https://openalex.org/W626268690","https://openalex.org/W2382477523","https://openalex.org/W3102220922","https://openalex.org/W2133549409","https://openalex.org/W7062785390","https://openalex.org/W7037206947","https://openalex.org/W7163591067","https://openalex.org/W1990426662","https://openalex.org/W2018329224"],"abstract_inverted_index":{"For":[0],"years":[1],"a":[2,29,50,92],"widely":[3],"held":[4],"belief":[5,30,58],"by":[6,116],"monetary":[7],"policy":[8,36,60],"practitioners":[9],"has":[10,31,64],"been":[11,32],"that":[12,77,110],"the":[13,19,33,80,104,117,127],"volatility":[14,136],"of":[15,22,27,35,52,97,120,130],"inflation":[16,88,102,112,135],"adversely":[17],"affects":[18,126],"growth":[20,86,100,128],"rate":[21,129],"an":[23],"economy.":[24],"The":[25],"outcome":[26],"such":[28],"willingness":[34],"makers":[37],"to":[38,49,62,66,142],"trade":[39],"short-run":[40],"output":[41,85],"losses":[42],"for":[43,56,103],"progress":[44],"toward":[45],"price":[46],"stability.":[47],"Due":[48],"void":[51],"persuasive":[53],"empirical":[54],"support":[55],"this":[57,72],"however,":[59],"implementation":[61],"date":[63],"had":[65],"rest":[67],"primarily":[68],"on":[69],"faith.":[70],"In":[71],"study,":[73],"we":[74],"provide":[75],"evidence":[76],"strongly":[78],"supports":[79],"hypothesized":[81],"negative":[82],"relationship":[83],"between":[84],"and":[87,101,123,133,139],"volatility.":[89],"We":[90],"estimate":[91],"biva":[93],"riate":[94],"EGARCH-M":[95],"model":[96],"real":[98,131],"GDP":[99],"United":[105],"States.":[106],"Our":[107],"results":[108],"show":[109],"(I)":[111],"volatility,":[113],"as":[114],"measured":[115],"conditional":[118,145],"variance":[119],"inflation,":[121],"robustly":[122],"significantly":[124,138],"negatively":[125],"GDP;":[132],"(2)":[134],"is":[137],"positively":[140],"related":[141],"its":[143],"own":[144],"mean.":[146]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2}],"updated_date":"2025-10-10T17:16:08.811792","created_date":"2016-06-24T00:00:00"}
