Search Results - subject:"Inflation aversion"

Ehrmann, Michael; Tzamourani, Panagiota - In: European journal of political economy 28 (2012) 2, pp. 174-191

Persistent link: https://www.econbiz.de/10009554468

Implications of Globalization for Monetary Policy

Wagner, Helmut - International Monetary Fund (IMF) - 2001

This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the one hand, the many structural changes that are associated with the globalization process cause an increase in the uncertainty surrounding monetary policy. This includes an...

Persistent link: https://www.econbiz.de/10005769098

Intergenerational Transmission of Inflation Aversion: Theory and Evidence

Farvaque, Etienne; Mihailov, Alexander - Luxembourg Institute of Socio-Economic Research … - 2009

characterized by different degrees of inflation aversion. We show how the dynamics of a society's degree of inflation aversion and … construct a survey-based measure of inflation aversion and provide empirical support for our analytical and simulation results … retirees as a proxy for the more inflation-averse type, is a key determinant of inflation aversion, together with experience …

Persistent link: https://www.econbiz.de/10005027191

Designing Fiscal and Monetary Institutions for a European Monetary Union

Beetsma, Roel; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 1995

This paper explores under what conditions a European Monetary Union (EMU) is an optimum currency area. The scope for an EMU increases with convergence of structural and fiscal policies, small money holdings, a conservative European Central Bank, and dependent national central banks. How national...

Persistent link: https://www.econbiz.de/10005792461