SCOTTISH JOURNAL OF POLITICAL ECONOMY, cilt.63, sa.2, ss.135-155, 2016 (SSCI)
We empirically investigate the effects of inflation uncertainty on output growth for the United States between 1960 and 2012. Modeling output dynamics within a Markov regime switching framework, we provide evidence that inflation uncertainty exerts a negative and regime-dependent impact on output growth. A battery of sensitivity checks confirm our findings.