. Lessons from inflation stabilization are considered in conjunction with central bank independence within the broader context … price stability. Once inflation has been conquered, the bank is naturally expected to devote more attention to the … stabilization of the output gap. Risks associated with such a flexible inflation-targeting regime are examined, along with issues of …

changed central banking in many ways: by shifting the focus of monetary policy from fighting too high inflation towards … fighting too low inflation; by prompting new ‘experimental’ non-conventional measures, which risk to cause large, long …

why, in spite of a huge expansion of the monetary base, inflation has been so low since Lehman’s collapse. Since the … cumulative inflation in the US has been a bit over twelve percent while the cumulative rate of inflation following the same base …

Recent empirical studies show that sacrifice ratios calculated during periods of inflation stabilization are usually … higher CBI is positively associated with the probability that preannounced inflation targets will be delivered, this paper …

issues in the EA and the US as well as to the higher institutional aversion of the ECB to inflation relatively to that of the …

changed central banking in many ways: by shifting the focus of monetary policy from fighting too high inflation towards … fighting too low inflation; by prompting new ‘experimental’ non-conventional measures, which risk to cause large, long …