We analyze temporary trade barriers (TTB) in Canada in 1989-2009. We find that, despite the retreat in TTB stocks in …

The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a … another: monetary union appears easy to recommend for Sweden and Denmark, much less so for Canada and the UK. …

We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …

regimes that are nested within this framework: inflation, output-gap growth and nominal income growth targeting; and inflation …

We use evidence from the term structure of inflation expectations implicit in the nominal yields and survey forecasts … of inflation to address the question of whether or not monetary policy is effective. We construct a model that …-neutral, subjective, and objective probability measures. We extract private sector expectations of inflation from this model and establish …

of monetary policy. These models, based on the conventional view that inflation stabilization should be a concern of …-augmented Taylor rule can deliver recurrent mispredictions of inflation in the US before 1987. We then show that a fiscal feedback rule … the two rules predict the behaviour of inflation better than the one based just on the monetary policy rule. After 1987 …

central banks to control inflation within their borders, at least in the absence of coordination of policy with other central … the ability of monetary policy to control inflation: by making liquidity premia a function of 'global liquidity' rather … to control the dynamics of inflation. …

narrowed ahead of inflation divergence. Cross-country real interest rankings would then assume a negative correlation with the … corresponding inflation rankings. The paper argues that on theoretical grounds, a perverse correlation between real interest rates … and inflation can be predicted for `old EMS' conditions. Empirical evidence supports this prediction while failing to …