Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - Center for Financial Studies - 2009
interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …@ifk-cfs.de
No. 2009/01
Opting out of the Great Inflation:
German Monetary Policy after the Break Down
of Bretton Woods
Andreas …