This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the … associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German … inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal …

by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below …

, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks …In this paper, we show that in order to obtain a sound identification of Euro Area monetary policy shocks, one needs to … of monetary policy shocks for an open economy like the Euro Area requires consideration of the US policy rate. Indeed …