In this paper the role of different types of labor market frictions in the dynamics of output and inflation is … policy rules for inflation, and more generally, for macroeconomic stability is analyzed. …

floating”. For industrial countries that have the ability to operate efficient inflation targeting policy, financial …

economies besides having more independent central banking, lower country riskiness and almost no default history; mainly have …

This paper suggests that inflation may be affected differently by grand corruption compared to its positive nexus with …

conducted in Europe. Banking union, banking system strength, and the budget control of governments would be necessary measures …

We construct an open-economy DSGE model with a banking sector to analyze the impact of the recent credit crunch on a … small open economy. In our model the banking sector operates under monopolistic competition, collects deposits and grants …

Though Svensson (1997, 2003) provides theoretical evidence that the introduction of inflation targeting is consistent … with an inflation stabilizing monetary policy, empirical evidence that the introduction of inflation targeting actually … policy rules for 20 inflation targeting countries. To this end, we use a data set which is available to the central bank in …