US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms … suggested, while at the same time the majority of the world’s poor had benefited insufficiently from stronger economic growth …

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices. …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … ; matching models ; labor market search ; inflation persistence ; real wage rigidity …

evidence that real world economies, while being dynamically efficient, are likely not to be interim Pareto optimal. We conclude …

Bitcoin in particular and so-called cryptocurrencies in general have shaken up the financial world and seem to be …

bigger government reduced it, with the effects of inflation being statistically insignificant. Politically, the efficacy of … economy increased during both world wars, but was lower during the great depression. However, in the short run, the …