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 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 …

approach is used to study the effects of an inflation rate change on inequality. These effects are found to be temporary and to … policy rule of all agents due to individual skill and capital endowments. This implies a transitory effect of inflation rate …

positioned to relate explicitly to theory, and to look ahead to and preempt global macro situations and polices in the years to … and systematically examine and understand the effects of macro policies on variables such as inflation, output, employment …

Historical Origins of Uncertainty in Economic Theory -- Theoretical Foundations of Monetary Policy under Uncertainty … from a market perspective or from a central bank perspective. Contents Historical Origins of Uncertainty in Economic Theory …