impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …

have been needed to avert a rapid rise of house prices and an unsustainable expansion of mortgage credit, suggesting an …

Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been … remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s … observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the …

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy … allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of … the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing …