bank, lengthening the monetary policy horizon and by a more flexible inflation target. Estimation results of a probit model … of inflation risks. The empirical application shows that trading off monetary and macroprudential policy reduces the … overall costs related to inflation and financial instability. This can be achieved by changing the preferences of the central …

This paper analyses the problem faced by CEECs wishing to join the Euro who must hit both an inflation and exchange … rate criterion during a period of nominal convergence. This process requires either an inflation differential, an … rate and inflation criteria. The authorities can use their monetary policy to hit one criterion, but must essentially just …

-specific inflation-output relationships are found sufficient to undermine synchronisation in their business cycle under EMU, labour …

This paper examines whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by … explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis …

This paper examines robust estimators of core inflation for Belgian historical CPI data, and for euro area Harmonised … outperform the traditional core inflation measures found in the literature. However, as traditional measures, they lag rather … than lead observed inflation. This was particularly so in the 70s and the 80s when the oil price shocks had substantial …