based on static expectations, such contracts will result in a greater reduction in inflation with lower output costs …

particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …

the current monetary regime, flexible inflation targeting, provided a relatively stable monetary environment. Although the … success of flexible inflation targeting poses new challenges for the implementation of monetary policy because the trend … decline in inflation was associated with a trend decline in nominal interest rates. …

In a previous attempt to articulate the costs of inflation (Leigh-Pemberton (1992)), the Bank of England outlined the … following costs of a fully-anticipated inflation: - the cost of economising on real money balances -- so-called shoe … these costs when moving from 2% inflation to price stability in the U.S. Feldstein concluded that the permanent welfare …

. The risk of future regime shifts has encompassing effects on equilibrium. Inflation is systematically higher than it would … stability. This inflation bias is increasing in the real value of government debt. Regime-switching probabilities are not … interest rate sufficiently moderately when inflation increases. Lower fiscal dominance risk, in turn, mitigates the inflation …

metal-currency regimes before WW1. (ii) The flexible inflation targeting regime adopted in December 1999 has performed best … clearly communicated nominal price anchor (Bretton Woods System and monetary targeting) were characterised by an inflation … inflation targeting, were associated with a deflation bias. (v) Persistent deflations in terms of the CPI only occurred under …

After the introduction of a stabilization program Israeli inflation decreased from 400% in 1985 to 2% in 2013. This … process is defined by three clear steps of high, medium and low inflation. The break dates are in line with major economic …

After the introduction of a stabilization program Israeli inflation decreased from 400% in 1985 to 2% in 2013. This … hypothesis that inflation moved in distinct steps characterized by constant levels with short-lived fluctuations around them … process is defined by three clear steps of high, medium and low inflation. The break dates are in line with major economic …

important mainstream macroeconomic explanation of differences in inflation rates between countries, here coined the ?orthodox … independent central banks as causes for low inflation might be considered quite strong, it is argued in this paper that the … sensitivity indicator for the inflation awareness in these countries is obtained. It can be shown that these sensitivity …