. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … of both having a quantitative target, and of hitting a declared target; we also consider effects on output volatility … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of …

model of inflation determination estimated on the Czech data.We characterize the estimated components of CPI, WPI and import …

This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … and their interaction is crucial for the dynamics of inflation and unemployment. We estimate a panel VAR with … deterministically varying coefficients and find that there is a profound difference in the responses of unemployment and inflation to …

All else equal, higher wages translate into higher inflation. More rigid wages imply a weaker response of inflation to … paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a …