purchase bonds, including euro area government bonds. The purchases are intended to anchor the rate of inflation and inflation … development of inflation in the euro area and outlines the main reasons for the recent decline in prices. It also discusses the …

, inflation in the euro area remains extremely weak. Furthermore, as the present Wochenbericht clearly demonstrates, the inflation …'s inflation target which, in turn, augments the risk of the euro area sliding into deflation. In June, the Central Bank introduced …

In 1991, Canada became the second country to adopt an inflation target as a central pillar of its monetary policy … performance: (i) the simple, readily understood and consistently applied specification of the inflation target, which, since … agreement between the central bank and government, in which inflation control was recognized as a joint duty of both parties …

number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing … demand and supply over the past five decades. The most recent factor estimates indicate that the inflation surge since mid …

For the last 40 years, macroeconomics has been dominated by Milton Friedman's view that inflation occurs when the … inflation is always due to an imbalance of money supply and output, central banks alone determine the path of inflation, and … inflation reflects spending and saving patterns which are affected by political choices, it is fundamentally a political …

countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …

The perceptions of a central bank’s inflation aversion may reflect institutional structure or, more dynamically, the … for persistent variation in market perceptions of central bank inflation aversion. The first years of the European Central … ECB evolved significantly during the first six years of the Bank’s operation, with a belief in its inflation aversion …