Doubts have been raised about the benefits to an economy with high rates of GDP growth without at the same time accounting for distributional effects. This difference arises from the emphasis by some on the mean income, while others are concerned with the distribution around the mean. This paper...

The aim of this paper is to deal with the empirical aspects of the ‘new’ monetary policy framework, known as Inflation Targeting. Applying Intervention Analysis to multivariate Structural Time Series models, new empirical evidence is produced in the case of a number of OECD...