households. Then, in contrast to the active monetary and passive fiscal policy regime, inflation moves oppositely from the … inflation target and a stronger reaction of interest rates to inflation increases the response of inflation to shocks. Moreover …, a higher level of public debt increases the response of inflation while a weaker reaction of taxes to debt decreases the …

We investigate the roles of a time-varying inflation target and monetary and fiscal policy stances on the dynamics of … inflation in a DSGE model. Under an active monetary and passive fiscal policy regime, inflation closely follows the path of the … inflation target and a stronger reaction of monetary policy to inflation decreases the response of inflation to non …

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime …