the economic impacts of a central bank reacting to house price inflation. We examine this in the context of two different … that welfare decreases if a central bank reacts to house price inflation. Because of these effects, a central bank may be … reluctant to react to house price inflation. …

low inflation and an improving labor market situation in those countries, household income and purchasing power are likely … 2016. Inflation is expected to remain at two percent this year and increase to three percent next year. Germany's strong … domestic economy is driving growth. Most recently, additional social benefits and, above all, low inflation temporarily boosted …

low inflation and an improving labor market situation in those countries, household income and purchasing power are likely … 2016. Inflation is expected to remain at two percent this year and increase to three percent next year. Germany's strong … domestic economy is driving growth. Most recently, additional social benefits and, above all, low inflation temporarily boosted …

the sharp drop in oil prices this year, inflation is low and stands at 0.4 percent; next year it will climb to 1.4 percent … in particular, the renewed drop in energy prices keeps inflation rates low. In addition, many countries have experienced … economy. The low inflation substantially supports consumers' purchasing power. But nominal incomes are also experiencing …

Beschäftigungsaufbau setzt sich fort; die Arbeitslosenquote sinkt in diesem Jahr auf 6,4 Prozent und verharrt dort. Die Inflation ist … the sharp drop in oil prices this year, inflation is low and stands at 0.4 percent; next year it will climb to 1.4 percent … in particular, the renewed drop in energy prices keeps inflation rates low. In addition, many countries have experienced …

limited scope for fiscal policy to stimulate the economy, low inflation rates and the improving or at least stabilizing labor … remain moderate. An inflation rate of 1.6 per cent is expected for this year and of 1.9 per cent for the coming year. Against …

Inflation - zuletzt betrug sie 1,3 Prozent - stützt die Kaufkraft der privaten Haushalte. Bei anziehender Kapazitätsauslastung … of inflation. In addition, growth in emerging markets accelerated notably; in particular China and India grew dynamically … modest. At a rate of 1,3 percent, low inflation props up purchasing power of private households. As the output gap narrows …

im kommenden Jahr wieder geschlossen. In diesem Umfeld bleibt die Inflation niedrig. Die weltwirtschaftliche Dynamik … decline significantly this year, but will only be fully closed in the coming year. Inflation will remain low in this … global economy ought to accelerate again. Over time, the continuing low rate of inflation and the gradually improving …