This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … both deviations from the policy rule and a drifting inflation target. Once the inflation target is fixed, the incidence of …

contracts, and inflation policy targets. The last section addresses current developments. These include the proper choice of … efficient rules for monetary policy that has been triggered by the proposal and widespread polularity of the Taylor rule. …

developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the … stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and …

inflation treats only the symptom, not the disease. Trade liberalisation by Japan is superior to yen depreciation as a means of …

We investigate the roles of a time-varying inflation target and monetary and fiscal policy stances on the dynamics of … inflation in a DSGE model. Under an active monetary and passive fiscal policy regime, inflation closely follows the path of the … inflation target and a stronger reaction of monetary policy to inflation decreases the response of inflation to non …

with inflation inertia produce conditions conducive to the emergence of stagflation. The incidence of stagflation can be …This paper examines whether monetary shocks can consistently generate stagflation in a dynamic, stochastic setting. I … possibility of changes in the monetary regime greatly improves the ability of money to generate stagflation. This is true whether …

This article investigates the reasons of stagflation, as of one of the most complicated and undesirable state, as well … as its socioeconomic features. This works aims representation of analysis of the socioeconomic results of stagflation in … stagflation, its impact on economic development of the country and welfare of each citizen, effectiveness of monetary regulations …

We present evidence that the rise of inflation in Japan since 2014 is driven by technology stagnation: the relative … the aggregate inflation rate. The multi-good feature of our model allows us to construct informative lower bounds of the … impact of the technology stagnation on the change in inflation without explicitly relying on the Euler equation and some of …

This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … both deviations from the policy rule and a drifting inflation target. Once the inflation target is fixed, the incidence of …

developments, the risk of stagflation—a combination of high inflation and sluggish growth—has risen. The recovery from the … stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and …