This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in … relationships of monetary policy and inflation are available and most of these have analyzed the effectiveness of monetary policy in … controlling inflation in Pakistan. The present study fills the gap in the literature by analyzing the nexus of monetary policy …

policy impacts inflation and real economic developments in China. The results indicate that the conduct of monetary policy in … aims to hit an inflation target by simply controlling the target interest rate. First, China's monetary policy toolkit is …

economy. Romer and Romer (2000) found that the Fed reveals information about inflation when it tightens monetary policy. Their … exclude the Fed's revelation of its asymmetric information about future inflation. …

have a stronger bargaining position when they try to prevent a cut in nominal wages. If inflation is so low that some … a long run trade off between inflation and unemployment for low levels of inflation. The prediction that low inflation …

. But a seeming puzzle arises of opposite Tobin-like inflation effects because theory indicates a negative Tobin effect when …Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … investment falls and a positive Tobin effect when the real interest rate rises. We define inflation's Tobin effect more …

effect of surprise inflation on aggregate demand. We derive the optimal policy under active learning and compare it to two …

good inflation. In addition, the Ramsey optimal monetary policy can be approximated reasonably well with a Taylor …-type interest rate rule with weights on both inflation rates and output. …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

line with empirical evidence, the model predicts a short-term inflation-output trade-off, a liquidity effect …

hyperbolic discounting leads to inflation having significant long-run effects on real variables. …