uncertainty of inflation and GDP growth forecasts into an otherwise standard New Keynesian model. We show that certainty … react significantly to inflation forecast uncertainty by reducing their policy rates in times of higher inflation …

the inflation rate. Second, economic activity measures have been in the focus of the ECB before the financial crisis broke … out. Third, over the last decade, the role of economic activity for ECB monetary policy has decreased so that inflation …

The aim of the study is to analyze the preferences of the Polish central bank concerning inflation and output gap … inflation decreased after the outburst of the crisis. Moreover, we calculate ex-post interest rate simulations to compare the …

, interest rate spreads and asset price inflation should be added to the classical Taylor rule because these variables are … the Fed is concerned, the impact of consumer price inflation, and money and credit growth turns negative during the crisis … while the sign of the asset price inflation coefficient turns positive. Thus we are able to establish significant …

the Fed is concerned, the impact of consumer price inflation, and money and credit growth turns negative during the crisis … while the sign of the asset price inflation coefficient turns positive. Thus we are able to establish significant … price inflation becomes even stronger than before. Moreover we find evidence of a less inertial policy of both the Fed and …

began in August 2007 inflation expectations were high and rising, particularly in the United States. We have two additions … maintaining a standard output-inflation mandate. We have three interpretations of our results. One, because the Federal Reserve …