'utilisation de l'inflation anticipee comme objectif intermediaire de la politique monetaire. Nous nous demandons dans quels cas cette …

objectif d'inflation inferieur au niveau d'inflation ou conduit spontanement l'equilibre macroeconomique. Nous etudions les … eleve pour une inflation objectif trop faible. …

ont prete. Si les Banques Centrales ont comme objectif non seulement une faible inflation mais aussi la stabilite du …

Centrales determinent les taux d'interet a court terme en fonction d'un certain nombre de variables: inflation, presente ou …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …

-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly … power of money growth for inflation is substantially lower in more recent sample periods compared to the 1970s and 1980s …. This cautions against using money-based inflation models anchored in very long samples for policy advice. …

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …