statistically significant correlation between QEC and average inflation is found. This result is robust to the use of control … investigates to what extent the quality of eligible collateral is able to explain inflation employing the first comprehensive …

. The existence of a correlation between inflation and the quality of eligible collateral would strongly support fundamental … countries and we show that this index has the potential to affect monetary stability as measured by national inflation rates …

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 …