Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

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 …

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 …

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

monetary policy and inflation is influenced by a set of concepts that are a poor guide to action. In this policy brief, they … to unobservable indicators that are supposed to predict inflation. Noting that their criticisms have now been raised by … for monetary and fiscal policy. The Fed has far less control over inflation than is presumed, they argue, and, at worst …

. Inflation remains rampant and the currency continues to fall; unresolved economic challenges create economic and political …

Roughly two years into the economic recovery from the COVID-19 crisis, the topic of elevated inflation dominates the … inflation is not centrally demand driven; rather dynamics at the micro-level are playing a much more central role in driving the …