Caporale, Guglielmo Maria; Onorante, Luca; Paesani, Paolo - 2009
policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and …This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …