precautionary saving is strong enough, a rise in uncertainty leads to i) a drop in inflation; ii) amplified negative responses of …

A regime shift towards increased inflation expectations is credited with jumpstarting the recovery from the Great … Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation … expectations play at the start of this remarkable economic upturn? To answer this question, we study inflation expectations in …

and inflation. Simultaneous monetary policy and macroprudential policy shocks do not alter the reaction of inflation … die Auswirkungen von monetären Schocks auf die Volatilität der Finanzvariablen, nicht aber der Produktion und Inflation …. Gleichzeitige geldpolitische und makroprudenzielle Schocks verändern die Reaktion der Inflation im Vergleich zu einem …

linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity …

relation of inflation and productivity with unemployment at low frequencies. Long-run unemployment is negatively correlated … with the levels of inflation and productivity growth, and positively with their volatilities …

relation of inflation and productivity with unemployment at low frequencies. Long-run unemployment is negatively correlated … with the levels of inflation and productivity growth, and positively with their volatilities …