-2001 had an important impact on inflation divergence within the EMU and in particular the surge in Ireland’s inflation to over … contribute to inflation convergence and in particular to a fall in Irish inflation? Fortunately for us, the theory has passed the … test with flying colours. Irish inflation stopped dead in its tracks: consumer prices were unchanged between May and …

paper reviews the determination of inflation under different policy regimes. The main danger for inflation from current …

nominal and real wage rigidity) and social preferences regarding inflation, employment, and real wages. We also calibrate our …

Financial globalization has seen the emergence of a new monetary standard based on inflation targeting. At the same … constrain the independence of central banks to conduct monetary policy? We argue, and show empirically, that credible inflation … limited deviation was possible within the 'gold points'. On the other hand, the credibility of inflation targeting regime is …

inflation in the euro area into high- and low-frequency (or short-run and medium/long-run) components, which are correlated with …