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 …

Kanäle beeinflusst die Geldpolitik relevante Wirtschaftsgrößen wie die Inflation oder die Konjunkturlage? Warum ist es … können, was dürfen Zentralbanken und was nicht? In der Tat ist es nicht immer einfach nachzuvollziehen, wie eine Zentralbank … überhaupt Einfluss auf die Gesamtwirtschaft nehmen kann: Wie steuert eine Zentralbank beispielsweise die Geldmenge? Über welche …

? Through which channels does monetary policy impact macroeconomic fundamentals such as inflation or unemployment? For example … -- Money, Credit, and Banking -- The Initial and Final Effects of Monetary Policy on Inflation, Output, and (Un …

principles of Austrian monetary and business-cycle theory. It is argued that the Fed has done harm to the U.S. and, increasingly …

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 …

"Euromantik" einer weit verbreiteten Ernüchterung gewichen ist. Er kritisiert die Politik der Europäischen Zentralbank, den Marsch …

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 …