respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new …We study how households adjust their medium-term inflation expectations under the new ECB strategy. We find that survey … time, expect somewhat higher medium-term inflation. Respondents asked to assume inflation currently running below target …

sanctions, and part - and not the smallest one - is caused by the European Central Bank's printing money by hook or by crook in … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused …

monetary analyses. This applies not only to analytical series including OOH, but also to measures of underlying inflation or a …. More generally, the paper also finds that auxiliary inflation measures can play an important role in the ECB’s economic and … well as the improvements made to this measure of inflation since 2003 – finds that the HICP continues to fulfil the …

) or the price stability definition (between 0% and 2%) are satisfied, but not both. To avoid any inconsistency in the …. inflation anchoring properties. This layout is then confronted with the policy framework in use in the euro area prior to the … dis-anchoring of long-term inflation expectations experienced in the euro area since 2013, however, suggests that the …

low inflation is different from addressing high inflation. The ability of the ECB (and central banks globally) to provide … level of steady-state inflation on the basis of optimality considerations; advantages and disadvantages of formulating the …'s leverage on private-sector expectations for inflation and the ECB’s future policy actions so that expectations can act as …

low inflation is different from addressing high inflation. The ability of the ECB (and central banks globally) to provide … level of steady-state inflation on the basis of optimality considerations; advantages and disadvantages of formulating the …’s leverage on private-sector expectations for inflation and the ECB’s future policy actions so that expectations can act as …

best provide price stability and support the EU's general economic policies. The key to inflation targeting is a distinct … and symmetric inflation target that serves as a benchmark for private-sector expectations and a central bank that is held … policy is not limited to its primary objective of price stability. Preventing or reversing labor market hysteresis should …

Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is … activity and subdued growth going forward. For this purpose, it investigates specific risks for price stability and asset price … developments in the first main part of the paper. It is not a too remote issue that the Fed does have a “tiger by the tail”, as …

Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is … activity and subdued growth going forward. For this purpose, it investigates specific risks for price stability and asset price … developments in the first main part of the paper. It is not a too remote issue that the Fed does have a “tiger by the tail”, as …

use of different measures of the output gap and the inflation term, can better track the interest rate setting in the euro …, inter alia, on the inclusion of additional variables not contained in the original specification proposed by Taylor or the … 1985. The main aim is to assess the performance of Taylor rules and to evaluate whether alternative specifications based …