-Board-Systeme das Zeitinkonsistenzproblem der Geldpolitik lösen, da aufgrund ihrer gesetzlichen Verankerung eine überraschende … Zeitinkonsistenz­problem der Geldpolitik dominant ist, und dies obwohl asymmetrische Schocks nicht stabilisiert werden können. Eine … participating countries. This question is especially interesting from an empirical point of view, as output growth and inflation …

-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 … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …

sensitivity of South African inflation expectations to surprises. A comparison of South Africa's results with those of countries … means to help anchor inflation expectations. © Journal compilation © 2009 The Economic Society of South Africa. … sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to …

The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the … implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation … expectations in South Africa, and offers an additional method, which is market based. The methodologies of Nelson and Siegel and …

South Africa since 1994. There is substantial South African literature on this topic, but much disagreement remains. Though … little destabilising impact on real output. © 2007 The Authors; Journal compilation © 2007 Economic Society of South Africa. …

The purpose of this paper is to examine the impact of inflation targeting on inflation for 27countries that have … adopted an inflation-targeting regime. The paper uses intervention analysis in Harvey's structuraltime series model to analyse … the impact of inflation targeting on inflation, using quarterlyobservations. This approach provides the most useful …

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 …