exposure of the euro area to recent adverse global energy price shocks. We further find that tighter monetary policy and …

We study whether a central bank should deviate from its objective of price stability to promote financial stability. We …

Keynesian models have multiple perfect-foresight paths eventually escaping the ZLB, price level targeting restores uniqueness …

We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian …

In this article, we study how the economic environment for firms in the service sector affects their price adjustments … addition to studying price setting determinants in the service sector, we show that behavior is consistent with both state and … time-dependent price setting models. By estimating a state-dependent pricing model augmented by variables that indicate the …