monetization of government debt and its major implication, namely, that it leads to printing money and, consequently, to inflation …, inflation in particular. This paper describes the actual workings of what most people (including many economists) often call …, monetization does not occur as it is often described, and it is not nearly as dangerous as its critics argue (and not as useful as …

that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central … bank precommits by setting the policy instrument, and the subsequent adjustment of inflation expectations is part of the … transmission mechanism. Generally there is still an inflation bias, despite the absence of a time-inconsistency problem. It is …

with inflation performance. …

with inflation performance. …

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

optimal money growth rates are realized if agents entering financial contracts anticipate ensuing inflation rates determined …

appreciating that were put in place in 2013. I focus its on the impact on output, unemployment, and inflation. I use the synthetic … connected to disturbances created by changes in excise taxes. The effect of the commitment on inflation is positive but not …