Zusammenfassung Das vorliegende Papier untersucht die Preiswirkungen und die realen Effekte der Geldpolitik im Rahmen … der Geldpolitik nicht „direkt" ausgelöst, sondern ausschließlich über die Beeinflussung des Output Gaps. Die realen …- Effekte der Geldpolitik sind zudem nur kurzfristiger Natur. Langfristig bestätigt sich die Neutralitätshypothese.  …

Souveränität in geldpolitischen Fragen an die Europäische Zentralbank ab. Die Geldpolitik scheidet somit als Instrument der … Rezession) zukommt, so kann die Vereinheitlichung der Geldpolitik zu negativen Auswirkungen auf die konjunkturelle Entwicklung … Geldpolitik auf die Entwicklung der kurzfristigen Zinssätze analysiert, um schließlich mittels einer VAR-Analyse Aufschluß über …

This study examines the effect of inflation on stock returns in the context of the policy reaction function theory …. This theory contends that the nature and extent of the government’s policy reaction to inflation will depend upon the … is a ta business cycle peak than at a trough. Therefore, the effect of inflation on stock returns varies with the stage …

management of short-run inflation. Second, the CEMAC region is more inclined to non-traditional policy regimes while the UEMOA … the outputs of economic activities, namely, real GDP output and inflation, in developing country monetary unions.  …

Purpose – The purpose of this paper is to explore whether India is a suitable candidate for an inflation targeting … flexibility. If the latter is chosen, the selection of inflation targeting would appear an appropriate one. Design … examine how inflation targeting might work with the exchange rate. Then the decision rule from the model (a monetary policy …

Purpose – The purpose of this paper is to investigate inflation convergence within the East African Community (EAC) as … decompose the variation in inflation into a component that is common across the countries in the EAC region and a component that … is country specific. Convergence was measured by the percentage of variation in inflation that is common across countries …

rising food prices on GDP, on measures of inflation, and on welfare, in the model. Findings – Previously neglected evidence … indicates that stagflation (simultaneously rising unemployment and inflation) preceded the OPEC price hike. The model results … deflator measures of inflation. It also highlights a possible similar divergence between GDP and overall welfare.  …

Purpose – In the past two decades, there has been a remarkable decline in inflation in both developed and developing … countries, in sharp contrast to the period immediately preceding it. Interestingly, the behaviour of inflation in India broadly … exhibits such a pattern. For much of the 1970s and 1980s, India experienced recurrent bouts of high inflation together with sub …

that inflation targeting in emerging economies welfare‐dominates exchange rate targeting. Originality/value – This lies in …