stance vis-a-vis the target, but better still is a frequent publication of inflation forecasts and the methodology behind …

long run. In particular, we show that if monetary policy reacts aggressively to inflation, this supports a steady state … where inflation is close to the central bank's target. However, the same aggressive policy simultaneously favours the … inflation are lower and monetary policy is constrained by the effective lower bound. We discuss how fiscal policy can be used to …

aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

resilient to external shocks. Enhancing the credibility of the inflation target would provide the monetary authorities with more …. Améliorer la crédibilité de l’objectif d’inflation donnerait aux autorités monétaires plus de latitude pour réagir aux chocs …

aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …