little to the plans.With the assumptions used and actual inflation experienced over the past decade noted, it is important to … look at where inflation may be headed in the longer-term. Several central banks and the IMF project longer-term inflation to … forward, it will be important to see how close government forecasts match actual inflation and, relatedly, how close actual …

inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal … reminiscent of the global inflation generated by the weak dollar in the 1970s. -- Inflation ; Exchange Rates ; Macro Policies …

excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s …

euro area and Japanese inflation dynamics are best explained by Taylor-style contracts, while Buiter …-Jewitt/Fuhrer-Moore contracts perform somewhat better in fitting U.S. inflation dynamics. We are unable to fit Calvo-style contracts to inflation … backward-looking element. The completed model matches inflation and output dynamics in the United States, the euro area and …

accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …

also investigate how much of the variation in national inflation rates in Europe can be explained by price level …

target inflation rates as low as 2 percent. However, the effects of the constraint are non-linear with respect to the inflation … percent. The variability of output increases significantly and that of inflation also rises somewhat. Also, we show that the … increasingly short of potential with lower inflation targets. …

question is more complicated because it depends on policy. It also depends on whether it is the inflation rate or the real …