Issing, Otmar - In: ifo DICE report 15 (2017) 1, pp. 19-20
marked a period in which inflation came down from rather high levels. Growth and employment were at least satisfying and … exogenous shocks (Stock and Watson 2003); or did it stem from improved macro policies, especially monetary policy (Romer and …. The prestige enjoyed by central banks was further enhanced in the context of the financial crisis when the latter saved …