and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …

inflation at near-zero nominal interest rates. We show how (conventional and unconventional) monetary policy shocks enlarge the … ability to explain the facts, such that the theory supports both a negative and a positive response of inflation. Central to …

and inflation in the member countries. Stress in a country is defined as the difference between the country’s actual short …

model of inflation dynamics to evaluate monetary policies that rely on going long. It concludes that these policies for the … most part fail to keep inflation under control. A complementary methodological contribution is to re-state the classic … integrate the endogenous determination of inflation and the term structure of interest rates …

—with excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. …

This paper investigates the relationship between inflation and inflation uncertainty in twelve EMU countries. A time …-varying GARCH model is estimated to distinguish between short-run and steady-state inflation uncertainty. The effects of the …-state inflation has generally remained stable, steady-state inflation uncertainty and inflation persistence have both increased, and …

This paper aims to show why Irving Fisher’s own data on interest rates and inflation in New York, London, Paris, Berlin … changes in inflation, not even in the long run. In Fisher’s data, interest rates have more persistence than inflation and … change less than inflation over time. The Fisher effect is a misnomer unless it is taken to refer to what Fisher actually …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …

compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …