Caporale, Guglielmo Maria; Onorante, Luca; Paesani, Paolo - 2010
reversed, and that in the euro period the Friedman-Ball link is empirically supported, consistently with the idea that the ECB … euro area, and investigates their linkages in a VAR framework, also allowing for the possible impact of the policy regime … change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation …