estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

This working paper examines the question of whether inflation targeting monetary policy is an appropriate framework for … sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the … regime, and summarizes some major critiques.Monetary policy responses to inflation depend on the source of inflationary …

We address this question by examining the conditional dynamics of inflation and output growth in response to markup … shocks for 14 industrialized countries. Markup shocks create a trade-off between output gap and inflation stabilization … purposes, and the theory predicts that conditional on such shocks output growth should be more volatile than inflation in …

This study empirically addresses claims about the effects of strikes on output growth, inflation, and non … any case, this was not contested. Our findings, however, contradict the claims that strikes ensue inflation and …-agriculture employment but has no effect on inflation. The inflation finding suggests that strikes do not cause a wage-price spiral because …

particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …

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 …

Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices. …

This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

rate both matter for determining inflation and economic activity. …