Inflation uncertainty boosts inflation, but doesn't harm economic growth.
The article explores the connection between inflation uncertainty, inflation, and economic growth using data from industrial countries over a long period. The researchers found that inflation uncertainty has a positive impact on inflation, supporting the idea that uncertainty can lead to higher inflation rates. They also found mixed evidence on whether inflation causes uncertainty. However, they discovered that inflation uncertainty does not harm economic growth, suggesting that it doesn't necessarily hinder a country's overall prosperity.