priorpostwar experience.1 Inflation also stabilized around then(although only when compared with a shorter period ofvolatility in … output and inflation volatility; othershave attributed the decreased volatility of GDP to a reductionin the size of the … policy in stabilizing output, althoughpolicy remains the likely source of reduced inflation volatility... …

data revision errors in GDP on the ex ante or conditional inflation-output-growth volatility trade-off and applies it to … volatility of inflation and output growth is explored by a simulation exercise. In general, the results obtained suggest that … focusing monetary policy on GDP growth instead on inflation may lead to an inefficient policy with both increased medium term …

explicitly on Euro-zone inflation forecastswill diminish problems associated with the large number of country … target inflation - essentially theCzech Republic, Hungary, and Poland - should maintain this monetary policy strategy …

inflation targeting than under output targeting, and that inflation risk premia are higher for policies that strike a balance … between output and inflation stability (and achieve a social optimum) than for policies that target only one of them. …

output and for both domestic GDP and CPI inflation rates can replicate thecooperative allocation.[...] …

. Optimized policy has a strong anti-inflation stance andimplies persistent fluctuations of the tax rate and of public debt. Very … simple optimizedpolicy rules, under which the interest rate just responds to inflation and the tax rate justresponds to …

The remarkable stability of low domestic inflation in many countries requires explanation. In this paper, a number of … continuing low inflation, but also its coexistence with rapid growth and low real interest rates. Unfortunately, the analysis …