Most emerging market central banks have adopted inflation targeting as their monetary policy system. The heart of … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the … extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases …

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 …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …

, Einfluss auf die Inflationserwartungen zu nehmen und keine Kursänderung in Richtung restriktiver Geldpolitik. In diesem Sinn … gereicht hätte, um die Inflationsrisiken zu begrenzen. Statt mit Augenmaß die Inflation in Schach zu halten, droht die EZB mit …

Verhältnis der Deutschen zur Inflation wider. Die Medien sprechen von der „German Angst“. Sowohl die Erfahrungen der frühen 20er …

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 …

. Ein Hauptgrund für die anziehende Inflation sind zum einen die seit Jahresbeginn steigenden Energiepreise. Aber es gibt … noch weitere Anhaltspunkte, die darauf hindeuten, dass die Inflation im Euroraum auch in den kommenden Monaten erhöht … bleiben wird. Der vorliegende Bericht analysiert die Faktoren, die einen Einfluss auf die Inflation haben könnten. Die meisten …

Empirical inferences about particular forms of agents’ inflation expectations are crucial for the conduct of monetary …’ inflation expectations. The paper shows that survey respondents do not form expectations rationally, regardless of the reference … measures of inflation used. Further, results indicate that inflation expectations are formed purely in backward-looking manner …

'real part' due to the changes in quantities and an inflation due to the changes in prices. Examples are: real national … these measures are largely unsatisfactory. The axiomatic theory of indexes does not make clear which economic problem a … example, the theory of the CPI is usually developed for a single consumer with homothetic preferences and then applied to a …