This article estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and inflation … Friedman-Ball link is empirically supported, consistently with the idea that the ECB can achieve lower inflation uncertainty by …

This paper investigates empirically the relationship between inflation, inflation volatility and output growth in the … the hypotheses that inflation rates are directly related to inflation volatility, and that inflation volatility affects … negatively output growth. It is found that higher inflation rates are associated to higher inflation volatility which in turn …

This paper investigates empirically the relationship between inflation, inflation volatility and output growth in the … the hypotheses that inflation rates are directly related to inflation volatility, and that inflation volatility affects … negatively output growth. It is found that higher inflation rates are associated to higher inflation volatility which in turn …

's largest export destination. We use a small structural model and Bayesian estimation to assess the possible impact of a U …