Bank, the emphasis in this paper will be on the empirical model systems for inflation and GDP. SMART builds on Norges Bank …

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 …

's smaller agricultural sector and greater emphasis on manufacturing; and (e) Poland's lower inflation and higher level of …

: Gibt es dieses Wirtschaftswachstum tatsächlich oder handelt es sich um eine statistische Fiktion? Wenn die Wirtschaft …

inflation under control, which will depend in great part on their ability to maintain fiscal discipline and sustainable current … pool of unemployed without creating upward risks to inflation. …

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 …