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 …

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 …

to higher growth and to reach their inflation targets. This concise book analyzes the importance of central bank policies … for the economy, and specifically investigates the reasons why they have failed to steer inflation as desired. The author … monetary stimulus to the economy, central banks should not focus too narrowly on inflation targets, but should increasingly …

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

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 …

uncertainty - regarding growth and inflation expectations - can lead to lower nominal interest rates set by the central bank …

-- Keynesianische Beschäftigungstheorie: Die kurze Sicht -- Konventionelle Analysen von Inflation und Wachstumsprozessen …Dieses Lehrbuch zur makroökonomischen Theorie betrachtet die Einkommens- und Beschäftigungstheorie, die Analyse von … Inflation und Unterbeschäftigung und die Wachstumstheorie durchgängig aus keynesianischer Sicht. Es konfrontiert die dabei …