autoregressive model. In a high inflation regime the standard results from the literature obtain. In a low inflation regime output … shows no significant response to monetary policy while the inflation response is negative. The paper endogenously determines …

restrictions to investigate the effects of policy shocks on the economic aggregates for Russia by implementing SVARs, yielding a … create a significant decrease in inflation in the short run within both median target responses and median responses, they … output but create inflation, while cost-push shocks generate significantly detrimental results in both inflation and output …

This paper studies the international transmission of the euro area's monetary policy and financial stress to Russia … trade balance. The contractionary euro area monetary policy shock decreases Russian GDP, leads to real appreciation of the …

wisdom about the effects of monetary policy shock. …

cover the zero-lower bound period and find strong effects on inflation for long-horizon communication shocks. …

monetary policy shock. In line with a re-anchoring channel of monetary policy, we find that long-term inflation expectations …This paper empirically investigates the role of long-term inflation expectations for the monetary transmission … mechanism. In contrast to earlier studies, we confirm that U.S. long-term inflation expectations respond significantly to a …

We investigate the relationship between inflation uncertainty and monetary policy transmission in the U.S. economy … through the external finance premium and the term structure of interest rates appears strongly dependent on inflation …

model in which endogenous regime switches are triggered by the inflation rate. The model separates a high from a low … inflation regime with both regimes being strongly persistent. Generalized impulse response functions highlight important across …-regime differences in the responses of the economy to monetary policy and inflation shocks. Simulating both regimes with individual …

The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role … for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integration with the global economy …, changes in the policy frameworks, among others, in the last decade suggest that the drivers of inflation may have changed. We …