Die hohen Inflationsraten seit Frühjahr 2021 lenkten auch neue Aufmerksamkeit auf das Jahrzehnt der 1970er Jahre, in dem Westdeutschland letztmalig für viele Jahre und nicht nur kurzfristig unter hohen Inflationsraten litt. Die Inflationsraten betrugen in keinem Jahr unter 2 %, meist über 4 %...

Central bank independence (CBI) is a very important precondition for price stability. However, the empirical evidence for a correlation between both is relatively weak. In this paper, this weakness is countered with a) an extended measure of monetary commitment, which includes well-known...

The overall rise in the cost of goods and services over time in an economy is referred to as inflation, an economic concept. It has a big impact on people, businesses, and governments and is a crucial economic health indicator. The goal of this page is to provide a thorough explanation of...

We investigate the extent to which excess supply (demand) in labour markets contributes to a lower (higher) growth rate of average nominal wages for workers. Using panel methods on data from 10 advanced economies for 1992-2018, we produce reduced-form estimates of a wage Phillips curve...