Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor … explains approximately 58% of the variation in headline inflation across all countries and over 72% in OECD economies. The … explanatory power of global inflation is equally high in a shorter sample spanning the time since 2000. Core inflation is also …

Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …

, we study the implications of different inflation regimes on the racial unemployment gap. Higher trend inflation increases …

aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

Against the backdrop of the move to an inflation targeting monetary policy framework beginning 2014 with consumer price … index (CPI) inflation as the nominal anchor, this paper revisits monetary transmission dynamics. Rather than confining to …

response of the interest rate to changes in sectoral inflation due to standard supply shocks, conditional on a given … environmental policy. We then compare the performance of a nonstandard monetary rule with sectoral inflation targets to that of a … sectors. Second, compared with a standard Taylor rule targeting aggregate inflation, a monetary policy rule with asymmetric …

While conventional monetary policy maintains its role in counteracting inflation, there are doubts that it is … a role in taming the credit cycle without compromising its effectiveness to control inflation efficiently. Until now …