fiscal stance and inflation using cross-country data from 1965 to 1999. In a first step, we contrast the monetary … that the low-frequency relationship between the fiscal stance and inflation is low during periods of an independent central … illustrate the mechanisms through which fiscal actions affect inflation in the long run. The findings from the DSGE model suggest …

This paper extends previous research on how monetary policy rates impact interest and inflation rates. We develop and … steady state policy rate elasticities of inflation and interest rates are derived. Employing U.S. rate series and state space … econometric methods, we estimate time-varying coefficients of the augmented system model. Policy rate elasticities of inflation …

fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary … that the low-frequency relationship between the fiscal stance and inflation is low during periods of an independent central … illustrate the mechanisms through which fiscal actions affect inflation in the long run. The findings from the DSGE model suggest …

prolonged period of low inflation in the euro area. This article offers a narrative of the monetary policy measures taken up to …