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interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …
Persistent link: https://www.econbiz.de/10011605066
interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …
Persistent link: https://www.econbiz.de/10010298759
interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …
Persistent link: https://www.econbiz.de/10010303730
Persistent link: https://www.econbiz.de/10001077082
Persistent link: https://www.econbiz.de/10002882687
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it was a period in which inflation had come down from rather high levels. Growth and employment were at least satisfying …
Persistent link: https://www.econbiz.de/10011540869
arguments for and against inflation targeting; ii) the scope of ECB's objectives, considering financial stability, employment …
Persistent link: https://www.econbiz.de/10012223712
Persistent link: https://www.econbiz.de/10011806194
In the wake of the Global Financial Crisis that started in 2007, policymakers were forced to respond quickly and forcefully to a recession caused not by short-term factors, but rather by an over-accumulation of debt by sovereigns, banks, and households: a so-called "balance sheet recession."...
Persistent link: https://www.econbiz.de/10010362902