. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods … inflation. This renders it difficult for central bank to exit from their current very expansive monetary policy stance if they …

. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods … inflation. This renders it difficult for central bank to exit from their current very expansive monetary policy stance if they …

Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for … a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this …

Zusammenhang zwischen einer regelgebundenen Geldpolitik und der Inflation jedoch häufig nur relativ schwach ausgeprägt. In der …Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for … a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this …

Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for … a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this …