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

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 …

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 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 …

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 …

eine kritische Auseinandersetzung mit der in Geldtheorie und Geldpolitik vorherrschenden Auffassung zur Liquiditätsfalle …, insbesondere Geldtheorie und Geldpolitik Praktiker in geldpolitischen Institutionen Der Autor Christian Knapp hat das Studium der …

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