of liquidity proxied in the finance-to-deposit ratio (FDR) and the inflation rate (IR) against mudharabah deposits (MDs … significance of tribal-level influence on conventional bank interest, profit-sharing growth rate, liquidity level and inflation …

population growth has lowered both the natural rate and inflation by about 0.4 percentage points in recent decades. …

Empirical evidence presented in this paper shows that the predictability of inflation at long horizons varies … considerably across countries. Both simple theory and empirical evidence suggest that the crucial factor is the extent to which … systematic monetary policy succeeds in stabilizing the incipient unit root in inflation. The mechanism by which it does this …

The term structure of inflation forecasts disagreement in the US can be summarized by two components: disagreement … about the trend inflation, and disagreement about the cyclical inflation. While the former has identical impacts on … forecasting horizons. Only the cyclical inflation disagreement has a significant impact on monetary policy efficacy. High …

Long-term bond yields contain a risk-premium, an important part of which is compensation for inflation risks. The …

interest rates lead to changes to inflation in the opposite direction. I conclude that this is how credit crunches and monetary … tightening reduce inflation. I simulate different monetary policy through a variable inflation target. Wild swings in the target … kill the persistence in inflation, which may explain the absence of persistence under the Gold Standard. A stable target …

disturbances to the money market, the variance of output is shown to be an increasing function of the trend inflation rate. When … they result from disturbances to the goods market, the variance of output is a decreasing function of the trend inflation … rate. When both disturbances are significant, there exists, in general, a critical non-zero trend inflation rate that …

cost channel theory. Taken together, the results of both panel data and time series analyses imply that the ECB’s low … interest rate policy has worked better for boosting inflation in Italy and Spain than in Germany. …

This paper characterizes the optimal inflation buffer consistent with a zero lower bound on nominal interest rates in a … inflation inertia would significantly underestimate the inflation buffer. If the central bank follows the prescriptions of a …