growth regime. Since the great financial crisis inflation developments have posed major puzzles to economists as inflation … paper analyses whether the wage-price pass-through may have contributed to these inflation puzzles. Applying the Threshold … or diminish the puzzle of the missing disinflation of the past two recessions suggesting that inflation should be …

einschneidende Epoche der amerikanischen Geldpolitik. Das Urteil zur Greenspan-Ära fällt bisher ambivalent aus. Auf der einen Seite … wird der pragmatischen und flexiblen Geldpolitik der letzten 18 Jahre ein erheblicher Anteil am Wachstums- und … bewertet. Die Analyse soll insbesondere Antworten darauf geben, welche Rolle Beschäftigungsziele in der Geldpolitik spielen …

Although euro area-wide inflation was from 1999 to 2005 almost right, i.e., "close to balance, but below 2%," and … emerges at country level is more scattered. Inside a monetary union, inflation divergences could be destabilizing and an … excessive dispersion could be a problem, thus the scattered performance of the single members in terms of HICP inflation and …

volume, an early exit, and a faster exit from the program on output and inflation in the euro area. Model simulations showed … that economic growth and inflation rates would decrease in all three scenarios. However, the effects of the scenario with … particular, an early exit from the program should significantly affect inflation rates, an effect that the European Central Bank …