This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … second half of the 20th century. We use a latent-variable VAR to estimate the impact of inflation and other macroeconomic … shocks promote market booms and inflation shocks contribute to busts. Further, we find that inflation shocks can explain more …

inflation target provides more short-run price stability than does the gold standard and, although it introduces a unit root … years. Relative to these regimes, Fisher's compensated dollar (or pure price path targeting) reduces inflation uncertainty … uncertainty about inflation at long horizons. This long-run inflation uncertainty can be largely eliminated by introducing an …

On 18-19 June 2004, the BIS held a conference on "Understanding Low Inflation and Deflation". This event brought …

banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial … inflation and real output) across policy regimes. He examines the performance of the Federal Reserve in its pursuit of …