interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation …

-level stability and low (including zero) inflation and the decisions about the price index, the quantitative target and the role of … a commitment to a simple instrument rule (like a Taylor rule), forecast targeting (like inflation-forecast targeting … against inflation-forecast targeting are scrutinized and found unconvincing …

Existing proposals to escape from a liquidity trap and deflation, including my Foolproof Way,' are discussed in the … conclude that the Foolproof Way is likely to work well for Japan, which is in a liquidity trap now, as well as for the euro …

out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of …

policy requires that inflation be stabilized at the union level. On the other hand, the relinquishment of an independent …

on a number of grounds which we evaluate in this paper. We show that observed inflation persistence in U.S. time series … is consistent with the absence of structural inflation stickiness as is the case in the benchmark NNS economy. We …

From 1999 to 2003, Taiwan faced a deflationary situation. The reasons for this deflation can be attributed to both … empirical results are used to identify the sources of PGDP deflation in Taiwan. In addition, the phenomenon of price divergence … domestic and global factors. Domestic changes including local political unrest, tensions with China, outbound investment to …