Ausgleich von Preisschocks durchsetzt, zu hoher Inflation und letztlich zu harter restriktiver Geldpolitik mit Arbeitslosigkeit … side of capital. The experience of the inflation wave and oil price shocks of the 1970s shows that a wage policy that … enforces full compensation of price shocks through higher wages leads to high inflation and ultimately to harsh restrictive …

Aggregate. Die Inflation erreichte mehr als 180 vH. Für 1999 ist damit zu rechnen, daß sich diese Entwicklung noch verschärft …, das BIP in einer Größenordnung von 5 vH sinkt und sich die Inflation wiederum im dreistelligen Bereich bewegen wird. …

employment is analyzed by a reinterpretation of the Phillips curve. It is shown that the inverse link between the inflation rate …

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

transition countries, inflation has generally been higher and more volatile than in advanced economies. The analysis reveals that … the subindex housing/energy appears to be the main driving force behind overall inflation in the region. In most of the … increasing over time. Inflation volatility in south-eastern Europe is significantly higher than in the euro area. While this is …

Inflation-linked bond markets have experienced significant growth in recent years. This growth is somewhat surprising …, for inflation-linked bonds cannot be considered a financial innovation and their development has taken place in a period … of historically low global inflation and inflation expectations. In this context, the purpose of this paper is twofold …

expansion has added to inflationary pressure, and monetary policy has been constrained in tackling inflation as a result of …

impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …