purchase bonds, including euro area government bonds. The purchases are intended to anchor the rate of inflation and inflation … development of inflation in the euro area and outlines the main reasons for the recent decline in prices. It also discusses the …

Euroraum die Gefahr fiskalischer Dominanz, bei der eine künftige Bekämpfung der Inflation durch fiskalische Erwägungen … bonds, at its Council meeting in January. The purchases are intended to anchor the rate of inflation and inflation … fiscal dominance, implying that future control of inflation could be impeded by fiscal considerations. Moreover, asset …

purchase bonds, including euro area government bonds. The purchases are intended to anchor the rate of inflation and inflation … development of inflation in the euro area and outlines the main reasons for the recent decline in prices. It also discusses the …

bonds, at its Council meeting in January. The purchases are intended to anchor the rate of inflation and inflation … fiscal dominance, implying that future control of inflation could be impeded by fiscal considerations. Moreover, asset …. Dies birgt im Euroraum die Gefahr fiskalischer Dominanz, bei der eine künftige Bekämpfung der Inflation durch fiskalische …

In a recent paper, Atkeson and Kehoe (2004) demonstrated the lack of a robust empirical relationship between inflation … relationship by allowing for inflation and growth to have a nonlinear specification dependent on inflation levels. In particular …, we allow for the possibility that high inflation is negatively correlated with growth, while a positive relationship …

In 1991, Canada became the second country to adopt an inflation target as a central pillar of its monetary policy … performance: (i) the simple, readily understood and consistently applied specification of the inflation target, which, since … agreement between the central bank and government, in which inflation control was recognized as a joint duty of both parties …

inconsistency problem arising from the temptation to stimulate the economy with unexpected inflation. Although this dynamic … mechanism design problem seems complex, society can implement the optimal policy simply by legislating an inflation cap that … specifies the highest allowable inflation rate. The more severe the time inconsistency problem, the more tightly the cap …

, inflation in the euro area remains extremely weak. Furthermore, as the present Wochenbericht clearly demonstrates, the inflation …'s inflation target which, in turn, augments the risk of the euro area sliding into deflation. In June, the Central Bank introduced …

, inflation in the euro area remains extremely weak. Furthermore, as the present Wochenbericht clearly demonstrates, the inflation …'s inflation target which, in turn, augments the risk of the euro area sliding into deflation. In June, the Central Bank introduced …