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 …

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 …

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 …

combination of inflation targeting and monetary targeting. Well conceived monetary targeting with a commitment to a long-run money … growth rate corresponding to inflation target could reinforce the credibility of central bank announcements and the role of … inflation target as strong and credible nominal anchor for private inflation expectations. However, an inflation …

Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods …. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are … included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together …

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal …

We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson shows …