current operating procedures and make monetary policies more effective in fighting inflation. …

actually be welfare reducing if the trade union has an exogenously given preference against inflation. We reframe this …

inflation when they are part of a group. I examine the effect of increased transparency - in the form of publishing the votes of … affect the policy making body's incentive to refrain from inflation. …

precedents and proposals have included austerity, haircuts and the generation of inflation. Each way has advantages and …, hyperinflation in Germany after World War I, inflation in Argentina since the 1980s, currency reform in Germany after WW II, and …

The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … high inflation to a low-growth period with exceptionally low inflation since the early 1990s. We show based on a stylized …

This paper explores communication strategies for anchoring households’ medium-term inflation expectations in a high … inflation environment. We conducted a survey experiment with a representative sample of 4,000 German households at the height of … the recent inflation surge in early 2023, with information treatments including a qualitative statement by the ECB …

This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank …, we first test the effect of non-numerical information about inflation and monetary policy, the literacy treatment. In the … the literacy treatment, incorporate quantitative information differently into their inflation forecasts. We find that the …

benefits of a commitment to a peg, domestic and foreign inflation (aversion), as well as business cycle volatility and …

discuss the implications of economic integration for monetary and fiscal policy, especially the narrow focus on low inflation … as the main objective of monetary policy. I argue that because inflation springs from several sources, monetary … authorities held responsible by law for maintaining low inflation need to exercise their newfound independence by reserving the …