optimal inflation target for the asymmetric union is also discussed. …

optimal inflation target for the asymmetric union is also discussed. …

regime during a deceleration in economic activity and with headline and core inflation remaining well below the FOMC's 2 … percent inflation target. Moreover, both short- and long-term inflation expectations were drifting lower. These developments …

Neo-Fisherites argue that conventional central banking wisdom has inflation control wrong, in that the way to increase … (reduce) inflation is to increase (reduce) the central bank’s nominal interest rate target …

This paper presents evidence on the lag between monetary policy actions and the response of inflation in the euro area … regime thereafter. Results based on alternative definitions of inflation persistence support these findings, although, they … suggest that a drop in German inflation persistence and a shift in the mean of inflation - particularly in Italy and France …

than rules that also include current or future inflation …

We investigate the effectiveness of an aggressive anti-inflation monetary policy on the ability of agents to achieve … rational expectations equilibrium (REE) forecasts of inflation. An aggressive anti-inflation policy includes a willingness to … respond more forcefully to deviations from an inflation target. Using an adaptive learning framework, we develop a model that …

This paper assesses the proximate causes of the post pandemic surge in US inflation, the Federal Reserve's real time …