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After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …
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Inflationsgefahren, die vor dem Hintergrund der europäischen Schulden- und Finanzkrise entstanden ist, spiegelt jedoch das besondere … Verhältnis der Deutschen zur Inflation wider. Die Medien sprechen von der „German Angst“. Sowohl die Erfahrungen der frühen 20er …
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bond yields lead to a significant rise in real GDP, consumer prices, inflation expectations, and credit volume in the euro …
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Die Europäische Zentralbank hat seit 2007 zahlreiche unkonventionelle geldpolitische Maßnahmen umgesetzt. Jedes neue … makroökonomischen Effekte dieser Maßnahmen. Die Schätzungen zeigen, dass eine unerwartete Lockerung der Geldpolitik, die die Renditen … sehr ähnlich. Insgesamt zeigt die Analyse, dass die unkonventionelle Geldpolitik wirksam ist und dazu beigetragen hat, das …
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countries around the world have represented and still represent the subject of much controversy and dispute. The current forms …
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Bayesian dynamic stochastic general equilibrium (DSGE) models combine microeconomic behavioural foundations with a full-system Bayesian likelihood estimation approach using key macro-economic variables. Because of the usefulness of this class ofmodels for addressing questions regarding the...
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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 …
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