aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

How does competition affect information acquisition of firms and thus the response of inflation and output to monetary … uncertainty about inflation as a non-targeted moment …

This paper aims to show why Irving Fisher's own data on interest rates and inflation in New York, London, Paris, Berlin … changes in inflation, not even in the long run. In Fisher's data, interest rates have more persistence than inflation and … change less than inflation over time. The Fisher effect is a misnomer unless it is taken to refer to what Fisher actually …

constraint. It discusses five channels: (i) how inflation can (and cannot) lower the real burden of the public debt, (ii) how …

recently adopted inflation targets. Some significant shifts in the conduct of monetary policy are detected in the G3 countries … begin to look consistent with an inflation-targeting regime. In addition, the introduction of inflation targeting and … inflation targets and central bank reforms. The paper challenges the one-size-fits-all attitude towards modern central bank …