output) shortly after a monetary policy shock. To overcome this problem, we propose to estimate the VAR parameters under the … restriction that economic theory is not violated, while the shocks are still recursively identified. We solve this optimization … “almost recursively identified approach with parameter restrictions” leads to a solution that avoids an estimation bias …

output) shortly after a monetary policy shock. To overcome this problem, we propose to estimate the VAR parameters under the … restriction that economic theory is not violated, while the shocks are still recursively identified. We solve this optimization … "almost recursively identified approach with parameter restrictions" leads to a solution that avoids an estimation bias …

latest inflation surge. …

management of short-run inflation. (2) The CEMAC region is more inclined to non-traditional policy regimes while the UEMOA zone …

policy analysis. It suggests that the best method of solving the puzzle implies a close connection between theory and …

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …

consequence, inflation is less volatile and output is more volatile than under a non-robust policy. Under one particular timing …

By providing numerical inflation projections. Many central banks currently face inflation well above their targets and … with that the challenge to prevent spillovers on inflation expectations. We study the effect of different communication … about the 2021 inflation surge on German consumers' inflation expectations using a randomized control trial. We show that …

Federation on the level of inflation using the structural autoregression model (SVAR). The results show significant inflation … 1%, inflation in the first month increases by 0.23%, and with an increase in the interbank lending rate by the same … amount, inflation increases by 0.125%. Inflation attenuation at the 90% level of significance occurs at 5 and 6 months …

We study the effects of forward looking communication in an environment of rising inflation rates on German consumers …' inflation expectations using a randomized control trial. We show that information about rising inflation increases short- and … long-term inflation expectations. This initial increase in expectations can be mitigated using forward looking information …