the employment of less attached workers when the central bank follows an average inflation targeting rule and when the … strict to an average inflation targeting framework especially benefits workers with lower labor force attachment. …

financial variables in the monetary policy rule can bring macroeconomic benefits in terms of lower volatility of inflation and … implied volatilities of inflation and output. Second, the usefulness of the augmented monetary policy rule is the most …

central banks raise rates when society's inflation aversion is above its long-run trend. Second, the reaction to inflation is … non-linearly increasing in the degree of inflation aversion. Third, this emphasis on fighting inflation does not have a … banks. -- Central Bank ; Democratic Legitimation ; Eurobarometer ; Inflation Aversion ; Monetary Policy ; Public Preferences …