monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number …

This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques … including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries … introduced by economic conditions such as the size of exchange rate changes and volatility, GDP growth, inflation, output gap …

Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past … business cycle theory. It also probes in which direction models may be extended from here. Empirically, the book uses different …

Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that …-operation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable …

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 …