Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government …

Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national … government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main …

Inflation Differentials in the Euro Area: A Survey -- The ECB’s Monetary Analysis Revisited -- Euro Area Monetary …

Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting …, and several additional structural disturbances. The results show that - exactly as expected - the volatility of inflation …-side shocks. Since inflation and output are targeted simultaneously, none of the two policies is strictly dominant. Contents …

This book presents a theoretical framework to explain chronic inflation and hyperinflation. The roots of these two … phenomenon are a fiscal monetary regime in which money issues finance the public deficit. Chronic inflation is modeled by using … policy rule states that money is issued to finance the public deficit. The chronic inflation models take into account the …

This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the … associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German … inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal …

This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in … European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and … unemployment or European inflation; there would also be an explosion of European government purchases and an implosion of the …

theory, the text provides substantive examples of the application of agent-based models in the field of demography. This work …