The Rogoff proposition (Quarterly Journal of Economics, 100 (1985), pp. 1169-90) that it is socially optimal to delegate monetary policy to a central banker that is more inflation-averse than society has been widely accepted and implemented in practice. However, there is a literature that argues...

The increased electricity production from variable sources in the EU combined with the overall decline in demand in recent years, have raised concerns about the security of electricity supply, in general, and in particular about generation adequacy and flexibility, prompting some Member States...

We explore the links between credit expansion, inflation, and inflation expectations, and show that active public debt management can trigger a non-interest rate channel of credit expansion. This creates incentives for the government to use debt management for promoting non-debt management...