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Countries in transition often face high levels of inflation. This paper discusses two ways to reduce inflation: the …
Persistent link: https://www.econbiz.de/10014130902
Persistent link: https://www.econbiz.de/10013422985
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and conservativeness, the literature on optimal inflation contracts is discussed, followed by research in which the … are reviewed. We conclude that the negative relationship between CBI and inflation is quite robust. …
Persistent link: https://www.econbiz.de/10001459495
and conservativeness, the literature on optimal inflation contracts is discussed, followed by research in which the … are reviewed. We conclude that the negative relationship between CBI and inflation is quite robust …
Persistent link: https://www.econbiz.de/10013321176
Persistent link: https://www.econbiz.de/10002379604
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10005599686
actually be welfare reducing if the trade union has an exogenously given preference against inflation. We reframe this …
Persistent link: https://www.econbiz.de/10011397779
actually be welfare reducing if the trade union has an exogenously given preference against inflation. We reframe this …
Persistent link: https://www.econbiz.de/10001598880
-shaped relation between the membership size of MPCs and inflation; our results suggest that the lowest level of inflation is reached … at MPCs with about seven to ten members. Similar results are obtained for other measures, such as inflation variability …. -- Central bank design ; monetary policy committee ; central bank board ; central bank council ; governance ; inflation. …
Persistent link: https://www.econbiz.de/10003726105