Using Markov Switching Model to Investigate the Link Between the Inflation and Uncertain Inflation in Iraq for the Periods 1980-2010

Authors

• Munaf Yousif Hmood, Department of Statistics, College of Administration and Economics, University of Baghdad, Iraq
• Murtaza Askar Mardan, Department of Statistics, College of Administration and Economics, University of Baghdad, Iraq

Abstract

In this paper we use the Markov Switching model to investigate the link between the level of Iraqi inflation and its uncertainty; forth period 1980-2010 we measure inflation uncertainty as the variance of unanticipated inflation. The results ensure there are a negative effect of inflation level on inflation uncertainty and all so there are a positive effect of inflation uncertainty on inflation level.

DOI

10.33095/jeas.v19i71.874

Subject Area

Statistical

First Page

334

Last Page

350

Recommended Citation

Hmood, M. Y., & Mardan, M. A. (2013). Using Markov Switching Model to Investigate the Link Between the Inflation and Uncertain Inflation in Iraq for the Periods 1980-2010. Journal of Economics and Administrative Sciences, 19(71), 334-350. https://doi.org/10.33095/jeas.v19i71.874