This paper investigates the implications of monetary policy rules during the surge and subsequent decline of inflation … or domestic inflation data called for raising interest rates in 2021 and well ahead of the rate increases implemented by …

the support of environmental investments. This can be done without creating inflation. …, die Geldschöpfungskapazität der EZB zur Unterstützung von Umweltinvestitionen zu nutzen. Dies kann ohne Inflation erfolgen. …

In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but … account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to … inflation targeting arrived on the scene only after the Canadian regime was well established. …

The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank … welfare cost of a 10% inflation rate instead of zero, for comparison to other estimates, as well as the cost of a 2% inflation … rate instead of a zero inflation rate. The zero rate is specified as the US inflation rate target in the 1978 Employment …