economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

volume, an early exit, and a faster exit from the program on output and inflation in the euro area. Model simulations showed … that economic growth and inflation rates would decrease in all three scenarios. However, the effects of the scenario with … particular, an early exit from the program should significantly affect inflation rates, an effect that the European Central Bank …

situation helps to explain the surge in the country's inflation and its very high growth in financial condition from late 2007 …

-run trade-offs between output and inflation: lower trend inflation flattens the Phillips curve and decreases steady-state output … by increasing markups. We show that the aggregator reduces both the steady-state welfare cost of higher trend inflation … and the inflation-related weight in a model-based welfare function for higher trend inflation. Consequently, optimal trend …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

Several empirical studies have suggested that the Bundesbank has pursued inflation targets rather than monetary targets …, the significance of this coefficient drops to 10 percent. By contrast, deviations of the inflation rate from the inflation …. This result holds regardless of whether the lagged or the currently expected inflation rate is employed. The results are …

This paper provides evidence of de-anchoring of long-term inflation expectations in the euro area based on both time … series and panel methods and data from the ECB Survey of Professional Forecasters. Long-term inflation expectations recorded … two sharp and permanent declines: the first after the 2013 disinflation, the second in early 2019. Long-term inflation …

interest rate, exchangerate, money supply, and inflation rate (independent variable) weregathered from the annual report of the … regression shows that for the 48 SSA nations, interestrate, inflation rate, and money supply were positively significant …

The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …