This paper presents a systematic empirical relationship between money and subsequent prices and output, using US, euro … qualitative and quantitative information on subsequent inflation. The usefulness of monetary analysis is contrasted to weaknesses … in modeling monetary policy and inflation with respectively short-term interest rates and real activity measures. The …

target in order to sustain higher output via surprise inflation. If market participants discover the time-inconsistency, they … inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an … inflation target are tempted to act time-inconsistently and switch from the announced inflation target to an exchange rate …

This paper examines the relationship between cyclical output and inflation in models commonly used for monetary policy … finding is that these models imply a strong negative relationship between inflation and output, a result that is at odds with …

appreciating that were put in place in 2013. I focus its on the impact on output, unemployment, and inflation. I use the synthetic … commitment. I find that, until the end of 2015, the commitment helped create about 100,000 jobs. The effect on overall output is … connected to disturbances created by changes in excise taxes. The effect of the commitment on inflation is positive but not …

the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served … economic policies followed by emerging markets such as China and the oil-exporting countries contributed to the US ability to …. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods …

policy impacts inflation and real economic developments in China. The results indicate that the conduct of monetary policy in … aims to hit an inflation target by simply controlling the target interest rate. First, China's monetary policy toolkit is …China's economic development has been exceptionally robust since the end of the 1970s, and the country has already …

economy. Romer and Romer (2000) found that the Fed reveals information about inflation when it tightens monetary policy. Their … exclude the Fed's revelation of its asymmetric information about future inflation. …

-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly … power of money growth for inflation is substantially lower in more recent sample periods compared to the 1970s and 1980s …. This cautions against using money-based inflation models anchored in very long samples for policy advice. …

longerterm interest rate and output effects and focuses on U.S. and Japanese liquidity as relevant proxies for global … inflation and is shown to be Granger-causal for euro area inflation in an out-of-sample forecasting exercise. In part, this … contrast, the influence of Japanese and euro area excess liquidity on euro area inflation is more limited. …

the Generalized Dynamic Factor model to develop a set of core inflation indicators that, combining national data with area …