inflation target policy in the future. The idea is to construct a target zone for the inflation rate. This mechanism would allow … the Fed to violate its own inflation target - possibly more than 2 % in the future - for certain periods, provided it is … committed to compensate for these violations in subsequent periods. The goal, hence, would be to meet the inflation target only …

Inflation rates in the euro area have reached historic highs due in large part to high energy prices. As the euro area … is a net importer of energy, one refers to this inflation as imported inflation. There is a danger that these high … inflation rates will become entrenched in inflation expectations. This would not only imply that high inflation rates will …

Whereas strong demand is a key factor driving high inflation in the US, inflation in the Euro Area is mainly due to … prevent second-round effects. Long run inflation expectations - as measured by the survey of professional forecasters - still … seem to be well anchored. The ECB’s announced tightening intends to dampen rising household’s inflation expectations. Given …

all major central banks. Today, as a growing number of monetary theory experts casts doubts on the inflation …