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 …

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 …

on inflation targeting, and provides lessons from the evolution of monetary policy in Europe …

Regulation on Economic Growth and Inflation -- Appropriateness Study of Monetary Policy Regulation on Real Estate Price … correlations between monetary policy, economic growth, inflation and asset price volatility, explores the creation of financial … inflation, and provides a theoretical basis for and empirical demonstration of monetary policy implementation in China. Previous …

This book provides an advanced guide to correlation modelling for credit portfolios, providing both theoretical … correlation approaches; correlation modelling in the ‘Marshall-Olkin’ contagion framework, in the context of CVA; numerical … Enlarged Filtration - The Generalized Dellacherie Formula -- Chapter3 The Basics of Default Correlation Modelling -- Chapter4 …

This book analyses the controversial and critical issue of 2% inflation targeting, currently practised by central banks … in the US, Japan and Europe. Where did the 2% target inflation originate, and for what reason? Do these reasons stand up … to scrutiny? This book explores these key questions, contributing to the growing debate that the global 2% inflation …

This book is a non-technical introduction to the history of - and current measurement practice of - inflation for the … United Kingdom, with comparative international case studies. The authors describe the historical development of inflation … few specialist scholars. Although inflation is a widely used and quoted statistic, and despite the important role …

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 …