effects on the mortgage market and house prices as well as sizable impacts on key macroeconomic aggregates such as investment …

I evaluate the effect of inflation targeting on inflation and how it interacts with product market deregulation during … market deregulation, the effect of inflation targeting is quantitatively important and statistically significant. Moreover …, product market deregulation also matters in particular in countries that adopted an inflation targeting regime. I propose a …

explained by different market constellations which are characterised by different sets of institutions. political and cultural … as well as implicit or explicit mechanisms of coordination between key macroeconomic policy areas in particular. A market … participation theory of economic policy based on market constellations may help to bridge the gap between nomocratic policy denial …