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.  …

regression models and provide a discussion of the impact on the formation of inflation expectations in the presence of multiple … and recurrent changes in inflation regimes. Our empirical findings give a plausible explanation as to why the rational …-expectations hypothesis based on direct measures of inflation expectations from survey series is typically rejected because of large …

This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for … real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … model estimates are used to address the questions raised by the decline in inflation that occurred up to the first half of …

output growth, price inflation, wage inflation, and real wage growth vary with respect to anticipated and unanticipated … factor in differentiating the expansionary and contractionary effects of fiscal and monetary shocks. Higher price inflation …, larger price deflation, relative to inflation, moderates output contraction, relative to expansion in the face of government …

on accountability, inflation average, output gap, interest and central bank credibility. Findings – The results … highlighted that central banks with greater transparency contribute to decrease inflation rate and interest rate. The findings …

Purpose – This article aims to analyze if the adoption of inflation targeting in Brazil contributed to an improvement … in the conduction of monetary policy capable of increasing credibility and reducing inflation without an increase in the … methods, the offsetting effects of a monetary policy change on the output‐inflation and unemployment‐inflation trade …

Purpose – The purpose of this paper is to examine the impact of inflation targeting on inflation for 27 countries that … have adopted an inflation‐targeting regime. Design/methodology/approach – The paper uses intervention analysis in Harvey …'s structural time series model to analyse the impact of inflation targeting on inflation, using quarterly observations. This …

trade‐off between inflation target and public debt stability. Therefore the determination of an inflation target cannot … interest rate in an inflation targeting regime must consider the public debt stability. Originality/value – This paper makes a …

Purpose – This paper seeks to assess the impact of monetary policy on house price inflation for the nine census … investigation show that house price inflation responds negatively to a positive monetary policy shock, suggesting that the framework … VARs. Research limitations/implications – The paper only considers house price inflation and ignores other housing market …

rules, an inflation forecast‐based rule with contemporaneous output gap (IFBG) is found to be the most efficient rule for … Indonesia. The rule suggests that the central bank should react strongly to inflation deviations from the target, react …