This paper investigates the forward-lookingness of monetary policy related to stabilising inflation over time under … transition path to the full-fledged inflation targeting regime. The analysis is based on an interest rate-based hybrid monetary …-looking monetary policy rule related to inflation stabilisation. The main results show that monetary policy is fully forward …

's implicit aversion towards inflation varies with income and other socio-economic characteristics. While inflation aversion …, these relationships apply not only to absolute inflation aversion, but also to the aversion towards inflation relative to … suggest that different dimensions of being disadvantaged influence the well-being effects of inflation in different ways. …

Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …