Caporale, Guglielmo Maria; Onorante, Luca; Paesani, Paolo - 2010
change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation …This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly owing to …