liquidity trap if inflation is higher when a bubble bursts, then higher inflation is preferable. This paper suggests the … monetary policy objective can be enhanced by shifting it from explicit or implicit targeting of low and stable inflation to … explicit targeting of moderate and stable inflation. …

inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short …-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation. …

unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of …Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the … "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that …

nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union … levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …

This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of … perception of risk by markets. We also find some weak evidence that IT countries did better on unemployment rates and advanced IT …

the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation …, unemployment, and other variables. A simple bar-chart of contributing factors, in the case of multi-variable methods, sharpens the …

unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of …Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the … "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that …

This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and …