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

The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are …

Bank's inflation target alongside inflation in the euro area from 1999 to 2017 affects respondents' trust in the ECB. The … the inflation rate, and not information about the inflation target itself, appears to be the main driving force. …

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 …

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co … conclude that the intense fiscal rules that have been introduced in the Eurozone after the emergence of the debt crisis reduced …

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