, France, Japan, the Netherlands, Norway, Spain, Sweden and the United Kingdom. Together, these agreements provide a total of …

facilitating the resolution of global imbalances while sustaining robust global growth. China, the euro area, Japan, Saudi Arabia …

, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis …

Fund. On March 28, the Finance Minister of Norway announced that the Ministry of Finance and Norges Bank (the central bank … of Norway) were exploring a possible Norwegian contribution of up to 30 billion Norwegian kroner (about USD 4.5 billion …

adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting …

internal demand, and low inflation. Executive Directors agreed that favorable external developments and sound macroeconomic … wage moderation and set in motion domestic inflation pressures. They emphasized the need to tighten monetary and fiscal …

’s definition of price stability, and examines the factors determining “the optimal rate of inflation” in the euro area. It reviews … from the interaction between nominal tax systems and inflation. It then goes on to evaluate arguments for maintaining a … small positive inflation rate in the context of the euro area …