When inflation picks up, central banks are most concerned that the de-anchoring of inflation expectations and the … ignition of wage-price spirals will trigger inflation dynamic instability. However, such scenarios do not materialize in the … updated according to the actual inflation process, with indexed wages, and persistent inflation shocks. In these cases, a more …

The resurgence of inflation since the late 2021 is now accompanied by a reversal of prospects of growth, reviving fears … of stagflation across the world (IMF 2022, World Bank 2022). In almost all accounts of the mounting stagflation threats a … prominent role is played by the fall of households' purchasing power, and hence consumption, owing to the inflation shock visà …

The resurgence of inflation since the late 2021 is now accompanied by a reversal of prospects of growth, reviving fears … of stagflation across the world (IMF 2022, World Bank 2022). In almost all accounts of the mounting stagflation threats a … prominent role is played by the fall of households' purchasing power, and hence consumption, owing to the inflation shock visà …

perceived as less credible, anticipation effects are attenuated and, accordingly, output and inflation do not respond as …

perceived as less credible, anticipation effects are attenuated and, accordingly, output and inflation do not respond as …

When inflation picks up, central banks are most concerned that the de-anchoring of inflation expectations and the … ignition of wage-price spirals will trigger inflation dynamic instability. However, such scenarios do not materialize in the … updated according to the actual inflation process, with indexed wages, and persistent inflation shocks. In these cases, a more …

This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New …

an inflation targeting regime in 1993 we allow for a discrete break in the central bank's instrument rule. A key equation …