losses for the ECB and try to assess inflation dangers stemming from the 3Y LTROs. In the same section, we also look at the …

short some 20 million jobs. Further, there is no reason to believe that the current exceptionally low inflation rates are … transitory. Quite the contrary: without significant fiscal efforts to restore the bargaining power of labor, inflation rates are …

We analyze empirical links between the perceived tail-risk of inflation, the policy rate, longer-term interest rates … always in reaction to Fed announcements; and, (v) our impulse responses demonstrate that odds of extreme inflation outcomes …

by the announcement of inflation targeting in 1991 when estimating the effects of monetary policy. For instance, we find …

We analyze empirical links between the perceived tail-risk of inflation, the policy rate, longer-term interest rates … always in reaction to Fed announcements; and, (v) our impulse responses demonstrate that odds of extreme inflation outcomes …

Recent empirical evidence by Fair (2002,2005) and Giordani (2003) shows that a positive inflation shock with the … Synthesis' literature. This paper reconsiders the effects of inflation shocks in a simple New Keynesian framework extended to … include wealth effects. It is demonstrated that, following an inflation shock, the decline of output coupled with passive …

different approaches, and look at the effects on main macroeconomic variables, with a special focus on inflation. By and large …, the impact of unconventional monetary policy shocks on inflation is found to be significantly positive across studies and …