niedriger Inflation auch das Resultat von angebotsseitigen Effekten der Geldpolitik ist. Diese überwiegen, da die Geldpolitik …Die Geldpolitik der Europäischen Zentralbank wird von zwei Seiten kritisiert. Während die eine Seite die geldpolitische … unterhalb des Inflationsziels liegt. Eine Analyse der Angemessenheit dieser Geldpolitik mit einer starken Fokussierung auf das …

Inflation rates in the euro area have reached historic highs due in large part to high energy prices. As the euro area … is a net importer of energy, one refers to this inflation as imported inflation. There is a danger that these high … inflation rates will become entrenched in inflation expectations. This would not only imply that high inflation rates will …

Whereas strong demand is a key factor driving high inflation in the US, inflation in the Euro Area is mainly due to … prevent second-round effects. Long run inflation expectations — as measured by the survey of professional forecasters — still … seem to be well anchored. The ECB's announced tightening intends to dampen rising household's inflation expectations. Given …

Models of inflation usually have monetary policy affecting the economy through either an interest rate channel or a … and monetary channels must be seen as complementary, joint indicators of inflation and must both be incorporated into … models of inflation. A formal representation of price level determination and behaviour in this two-agent framework is …

Existing measures of core inflation ignore a part of 'should be' the core inflation. Exclusion based measures 'exclude …' a part of persistent inflation inherently existing in the excluded part whereas filter based measures 'filter-out' the … inflation - noise free inflation or denoised inflation. As against considering only trend to define core inflation, this study …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

Headline inflation in the euro area jumped to more than three percent in the summer after years of relatively low … inflation rates well below the target of close to but below two percent set by the ECB until July 2021. One of the main reasons … for the rise in inflation is the increase in energy prices since the beginning of 2021. However, there are further …