Bouchaud, Jean-Philippe; Gualdi, Stanislao; Tarzia, Marco; … - 2017
. Hyper-inflation, stagflation, deflation and business cycles are also possible. The authors then introduce a Central Bank …Which level of inflation should Central Banks be targeting? The authors investigate this issue in the context of a … (in particular inflation anticipations), they find a surprisingly rich variety of behaviour at the macro-level. Without …