ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …

Aggregate shocks that move output and inflation in opposite directions create a tradeoff between output and inflation … variability outcomes, revealing national central banker's relative weight on output and inflation variability in their preferences …. We use estimates of the structure of 23 industrialized and developing economies, including nine that target inflation …

for simple policy rules such as Taylor or inflation-forecast rule are examined. In first-difference form, both rules … continue to perform relatively well with imperfect information as long as the output gap and the inflation forecast are …