Inflation targeting (IT) is a relatively new monetary policy framework for low-income countries (LICs). The limited … this gap. It finds that inflation targeting appears to be associated with lower inflation and inflation volatility. At the …, where building credibility of monetary policy is difficult and minimizing output costs of reducing inflation is imperative …

We investigate output sensitivity of inflation in the euro area through a disaggregated analysis using price indices at … of the ICSP is significantly higher than that of headline inflation. The difference in output sensitivity is most … striking between the ICSP and core inflation because of the rather strong cyclical sensitivity of processed and unprocessed …

In most monetary models of economic growth, higher long-run inflation is associated with a decline in the growth rate … inflation results in lower growth and employment in all three models, while, in the cash-credit good economy of Dotsey and …

, und Universität Hamburg, sehen Europa vor der Wahl zwischen hoher Infla­tion oder dem möglichen Staatsbankrott einzelner …

Since 2013 the inflation rate in the euro area has fallen steadily, reaching all-time lows at the end of 2014. Market …-based measures of inflation expectations (such as inflation swaps) have also declined to extremely low levels, which suggests … increasing concern about the credibility of the ECB in maintaining price stability. Inflation releases have often surprised …

inflation rates of 19 OECD countries for the time period 1960-2004. Our empirical findings are favorable to the stationarity of … the inflation ratesand therefore point to the absence of hyperinflation in the majority of the countries. The results … indicate that most shocks to inflation rates are temporary and soon converge when we control for breaks, with the inflation …