to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …

the Barro-Ricardo equivalence, the cause of inflation, and the role of monetary policy. FF, throwing a different light on … growth, deflation, and weak public finances. …

a more symmetric policy role for central banks, with equal weight on fighting inflation and preventing depressions …

the widely held interpretation of the ECB as an inflation targeter-and a rather soft one, too-it is argued that the key … and inflation persistence that owes to the ECB's failure to internalize the euro area's fiscal regime. This raises the … question as to whether inflation targeting would have led to better results, or could do so in future. Key words: Monetary …

regard to managing the euro crisis, preventing protracted stagnation, and containing deflation threats. The bank remains …

that reserve-driven inflation might cause are uncertain. It is even possible today to find articles in both scholarly … toward prolonged deflation is the more probable outcome. -- excess reserves ; Federal Reserve ; Fed ; European Central Bank …