of the two elements leads to an inflation bias that is independent of the standard time-inconsistency bias. Secondly, we … an independent monetary policy. We find that inflation was the main determinant of central bank credit prior to 2007 …. After 2007, it closely follows unemployment in the respective countries. -- tragedy of the commons ; inflation bias ; credit …

interaction of the two elements leads to an inflation bias that is independent of the standard time-inconsistency bias. Secondly … correlated with unemployment, but not with inflation in the respective countries. -- tragedy of the commons ; inflation bias …

interaction of the two elements leads to an inflation bias that is independent of the standard time-inconsistency bias. Secondly … correlated with unemployment, but not with inflation in the respective countries …

Can the aging process affect inflation? The prolonged decline of fertility and mortality rates induces a persistent … downward pressure on the natural interest rate. If this development is not internalized by the monetary policy rule, inflation … inflation found in the data for the euro area. In this model, continuing to follow the same rule makes inflation to be on a …

different approaches, and look at the effects on main macroeconomic variables, with a special focus on inflation. By and large …, the impact of unconventional monetary policy shocks on inflation is found to be significantly positive across studies and …

different approaches, and look at the effects on main macroeconomic variables, with a special focus on inflation. By and large …, the impact of unconventional monetary policy shocks on inflation is found to be significantly positive across studies and …

To raise the euro's inflation target without an inflationary default and meanwhile to promote growth and the …

effects of a negative EA-wide demand shock that induces a decline in inflation. The main results are as follows. First, the … reduction in inflation amplifies the domestic and cross-country spillovers of the negative demand shock because of the country …

We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure …