This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining … whether the monetary policy of the Bank of England, which has a formal inflation target, has been any less flexible than that … of the Federal Reserve, which does not have such a target. The empirical analysis uses the speed of inflation forecast …

fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary … that the low-frequency relationship between the fiscal stance and inflation is low during periods of an independent central … illustrate the mechanisms through which fiscal actions affect inflation in the long run. The findings from the DSGE model suggest …

We estimate the low-frequency relationship between fiscal deficits and inflation and pay special attention to its … suggest that the low-frequency relationship between fiscal deficits and inflation is strongly related to the conduct of … monetary policy and its interaction with fiscal policy after World War II. -- Time-Varying VAR ; Inflation ; Public Deficits …

inflation responses and a breakdown of divinecoincidence. The central bank's contemporaneous trade-off between output gap … andinflation stabilization is aggravated. Optimal monetary policy is strongly forward-looking and geared towards inflation …

objectives and strategies for aligning the public's inflation expectations with their own and, consequently, improving the … influence inflation expectations is thus important. We shed light on these issues by relying on a representative survey …. And greater trust in the ECB and Bundesbank, in turn, lowers individuals' inflation expectations. More specifically …

Policy Committee meetings and the Inflation Report significantly affect near-term interest rate expectations, an effect …