the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic … stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has …

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic … stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has …

The relationship between inflation and real GDP growth is one of the most widely researched topics in macroeconomics … policy, given the fact that low inflation in combination with high and sustained output growth should be the central … central banks all over the world have selected target levels for inflation and communicated them to the public. Against this …