Beechey, Meredith; Österholm, Pär - In: Economic Modelling 26 (2009) 2, pp. 532-535
This paper investigates how inflation persistence in the Euro area has evolved between 1991 and 2006. Employing an ARMA(1,11) model with time-varying autoregressive parameter, we find that inflation persistence has fallen markedly since the third stage of the EMU began in January 1999 and...