width of the 95% confidence interval, performs better in an out-of-sample inflation forecasting exercise, and is more robust …

changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …

This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries … longmemory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries …

, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the … exclusively from the long-run or zero frequency. In the UK, inflation seems to be stationary with a component of long memory at …

model .fits the data well, and the results suggest that inflation persistence follows from future expectations. Persistence …We propose a noncausal autoregressive model with time-varying parameters, and apply it to U.S. postwar inflation. The … curve indicate that current inflation also depends on past inflation although future expectations dominate. The implied …

We use noncausal autoregressions to examine the persistence properties of quarterly U.S. consumer price inflation from … conventional causal counterparts, but they allow for persistence to depend on the size and sign of shocks to inflation as well as … the inflation rate. Inflation persistence has decreased since the early 1980.s, after which persistence is also greater …

professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …