Political Science on June 4th. It starts by asking what factors have been behind the remarkable retreat of inflation that has …

stable rates inflation in many countries in the nineties. Consequently, the main goal of this paper is to offer an overview … of the main policy issues arising in a low inflation environment and their practical relevance so as to identify the main …

During the 1970s and early 1980s, Spain suffered high rates of inflation but inflation declined and by 1997 inflation … had fallen to approximately 2 percent. To fight inflation, Spain implemented austere monetary programs, joined the EMS in … 1989, enacted central bank autonomy in 1994, and introduced inflation targets in January 1995. Certainly, these and other …

and its implications for US output, hours and inflation. Second we evaluate the extent to which that responses can be …

This paper analyses the behaviour of real interest rates in the Spanish economy over the last 15 years. Since inflation … that inflation uncertainty could account for a notable part of the observed decrease in nominal rates. Consequently, the …

In this paper we decompose nominal interest rates into real risk-free rates, inflation expectations and risk premia … using an affine model that takes as factors the observed inflation rate and the parameters generated in the zero yield curve … countries currently involved in convergence towards EMU. The evidence indicates that inflation expectations and risk premia …