Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

According to the game-theoretic model of monetary policy, inflation is the consequence of time-inconsistent behavior of … the monetary authority. The inflation bias can be eased by handing over the responsibility for monetary policy to an … sample of 11 OECD countries. -- Central Banking ; Conservatism ; Central Bank Independence ; Inflation …

limit to employment, enforced by monetary policy reacting upon conflict inflation, the effects of central bank independence … inflation in the European Monetary Union are discussed. Central bank independence seems to be associated with stable prices and … of the real costs of price stability. Therefore, the perspectives for employment and inflation in the European Monetary …

can account for nearly two thirds of the improved inflation performance of these nations over the last two decades …

This study examines the effect of legal central bank independence on inflation in developing countries. In spite of the … policy consensus suggesting that central bank independence is an effective tool to control inflation, the evidence is still … inflation for a sample of 118 developing countries between 1980 and 2013. We find that higher central bank independence is …