According to the game-theoretic model of monetary policy, inflation is the consequence of time-inconsistent behavior of … the monetary authority. The inflation bias can be eased by handing over the responsibility for monetary policy to an … sample of 11 OECD countries. -- Central Banking ; Conservatism ; Central Bank Independence ; Inflation …

the End of theof the 1960s to the early 1980s -- Chapter 4. The Inflation Wave from the Late 1960s onward -- Chapter 5 …In light of the resurgence of inflation in developed industrialised countries following a period of inordinately low … inflation, this book analyses the causes and devastating effects of inflation by drawing lessons from the past. Focusing on the …

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …