inflation surge and derives projections for the future. In 2020, the Fed took the negative prescribed rates, which were far … clearly signaled the need for tightening because of the rise of inflation, yet the Fed waited until spring 2022 to raise the … federal funds rate. With the decline of inflation over the course of 2023, the rules' prescriptions have also come down. They …

inflation surge and derives projections for the future. In 2020, the Fed took the negative prescribed rates, which were far … clearly signaled the need for tightening because of the rise of inflation, yet the Fed waited until spring 2022 to raise the … federal funds rate. With the decline of inflation over the course of 2023, the rules’ prescriptions have also come down. They …

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence … striking result is not true with high degrees of inflation persistence. Secondly, we show that optimal fiscal policy is more … active under discretion than commitment at all degrees of inflation persistence and all levels of debt …

This paper investigates the implications of monetary policy rules during the surge and subsequent decline of inflation … or domestic inflation data called for raising interest rates in 2021 and well ahead of the rate increases implemented by …