Durchschnitt mehrerer Jahre zu erreichen. Tatsächlich liegt die Infl ationsrate aber trotz der sehr lockeren Geldpolitik deutlich …The ECB is discussing how to raise its inflation target slightly to 2 %, just as the US Federal Reserve is raising it … slightly and aiming to achieve it over several years on average. In reality, however, the inflation rate is well below 2 …

an IS-equation, a Phillips curve and an inflation targeting central bank (e.g., Bofinger, Mayer, Wollmershauml …

[2001] has criticised that it is not well suited for an analysis of inflation targeting. In our paper we start with a short … like inflation targeting, monetary policy rules, and central bank credibility. We extend the model to an open … model is its ability to discuss the role of inflation and the determination of flexible exchange rates while the MF model is …

[2001] has criticised that it is not well suited for an analysis of inflation targeting. In our paper we start with a short … like inflation targeting, monetary policy rules, and central bank credibility. We extend the model to an open … model is its ability to discuss the role of inflation and the determination of flexible exchange rates while the MF model is …

that it is not well suited for an analysis of inflation targeting. The authors present a framework, that develops the Romer … the main insights of the New Keynesian macroeconomis to an intermediate level and deal with issues like inflation …