activity and inflation, alternative assumptions to identify the monetary policy shock and various VAR specifications making use …

We examine the relationship between inflation and unemployment in the long run,using quarterly US data from 1952 to … 2010. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads … Berentsen, Menzio, and Wright (2011): the relationship between inflation and unemployment is positive in the long run. …

This paper considers a central bank with a zero inflation target and a fiscal authority with a differing objective …. Situations in which the fiscal authority is able to exploit the central bank's commitment to zero inflation sre examined. …

central banks’ monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …

Inflation targeting needs to be supplemented by an economic growth target so that central banks will not adopt monetary … the inflation rate is kept between two to three per cent. Monetary policy does not have a comparative advantage in … by the monetary authority for the purpose of inflation targeting may not work. The R in NAIRU should stand for "range …

inflation treats only the symptom, not the disease. Trade liberalisation by Japan is superior to yen depreciation as a means of …

-2000. Observed changes in these elasticities are decomposed into changes due to inflation, real income growth, changes in fiscal …

In this paper the relationship between inflation and stock returns in Australia is examined. It is found that increases … persistent increases in inflation affect real returns cannot be addressed using the Australian data. …

We study the effects of growth volatility and inflation volatility on average rates of output growth and inflation for … the conditional covariance of inflation and growth to be both nondiagonal and asymmetric. We show that the data reject … increased growth uncertainty is associated with significantly higher average growth, and that higher inflation uncertainty is …