recursive interaction with inflation as integral to it. This treatment underlay both his 1920s work on the business cycle as a … deployment of his analysis of expected inflation on nominal interest rates, and, indirectly, in its espousal of the case for …

-side the pursuit of low inflation as an important policy goal. This is in strong contrast to the earlier literature, where …

The Bank of Canada should pay closer attention to the effects of money and credit growth on inflation and asset markets … should be paid to asset market stability. Once the role of asset markets in the mechanics of inflation or price …

inflation is to be kept stable after next year, then a “neutral” value for real – that is inflation-adjusted – market interest …

precommit. This implies that a variation of the policy maker's degree of inflation aversion does not have a systematic effect on … maker's inflation aversion may have a systematic effect on equilibrium employment even if agents have rational expectations …

in output and inflation are due to changes in potential output or to cyclical demand and cost shocks. We refer to this … information benchmark. This provides a partial but unified explanation for the inflation of the seventies and the price stability …, during and following periods of large changes in potential output, the IP significantly affects the dynamics of inflation and …

features, such as the degree of centralization of wage bargaining, labour unions' inflation aversion and the degree of … monetary policy usually affects both inflation and unemployment, even when all structural parameters of the economy and of …