monetary policy and its institutions. Moreover, he comes to the conclusion that inflation targeting as a task, competence, or … Siekmann analyzes the legal foundation of the tasks and objectives of the Eurosysstem and price stability as a legal term. He …

monetary policy and its institutions. Moreover, he comes to the conclusion that inflation targeting as a task, competence, or … Siekmann analyzes the legal foundation of the tasks and objectives of the Eurosysstem and price stability as a legal term. He …

followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed … to a government policy which subsidized heavy industry through the inflation tax proceeds. The "credibility problem …

calculating the gain from price stability, the paper emphasizes the distortions caused by the interaction of inflation and capital … income taxes. Because inflation exacerbates the tax distortions that would exist even with price stability, the annual … inflation to price stability is about five percent of GDP, the gain substantially outweighs the cost of transition …

inflation. We show that when households are not Ricardian, fiscal requirements still exist but take the very different form of a … debt, not just to the inflation it creates. …Are restrictions on fiscal policy necessary for monetary policy to be able to deliver price stability? When households …

inflation. We show that when households are not Ricardian, fiscal requirements still exist but take the very different form of a … debt, not just to the inflation it creates. …Are restrictions on fiscal policy necessary for monetary policy to be able to deliver price stability? When households …