maintaining price stability have experienced the lowest and most stable inflation rates in recent decades. The present paper … reviews and critically evaluates this political economy literature which relates inflation performances to the constitutional …

We present a simple long-run aggregate demand and supply framework for evaluating long-run inflation. The framework …-run inflation as well as transitions between steady states. We use the analysis to provide a fresh perspective on the forces that … drove global inflation downward over the past four decades. We argue that for inflation to remain low and stable in the …

particular inflation. The paper's major finding is that there indeed is a negative relationship between central bank financial … strength and inflation outcomes. This relationship appears to be robust to the choice of alternative country samples, control …

estimations, that the ECB has been either more averse to inflation above 2% ceiling or that the de facto inflation aim has been … considerably below 2%. Our results suggest further that an inflation aim of 2% combined with asymmetry is a plausible specification …