einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte …

devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is …

Drives Inflation. Chapter IV introduces a second model of a corrupt central banker, one who sells inside information … general seems to increase the inflation rate. My model of the corrupt central banker provides a new explanation of this effect …, that is, that corruption leads to a higher rate of inflation and/or higher seigniorage, will be tested for a cross …

Untersuchung nach den Bestandsbedingungen der liberalen Demokratie, speziell nach deren moralischen Grundlagen. Diese werden im … Demokratie ist. Das zweite Ziel der Arbeit liegt in der Beantwortung der Frage, wie diese moralischen Orientierungen (liberale …Numerous sociological studies describe the status of contemporary liberal democracy as frightening. Taking up these …

inflation rates affect mainly low income groups. Apparently, the Rose Revolution of 2003 did not lead to an attenuation of …

equilibrium to achieve a simple, linear model, that only depends on inflation, the output gap, and the interest rate, in the case … inflation dynamics is crucial. Because of the controversial debate on the importance of expectations, the consequences of … central banks should react stronger to changes in inflation and output under uncertainty. Furthermore, it is shown that …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth", describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff …