monetization of government debt and its major implication, namely, that it leads to printing money and, consequently, to inflation …, inflation in particular. This paper describes the actual workings of what most people (including many economists) often call …, monetization does not occur as it is often described, and it is not nearly as dangerous as its critics argue (and not as useful as …

with inflation performance. …

with inflation performance. …

policies in these periods with respect to monetary stability, inflation, and growth challenges. The paper presents an analysis …

that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central … bank precommits by setting the policy instrument, and the subsequent adjustment of inflation expectations is part of the … transmission mechanism. Generally there is still an inflation bias, despite the absence of a time-inconsistency problem. It is …

Union (including the new (2021) monetary policy strategy of the Eurosystem and its implementation amidst the ‘inflation …

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central … bank precommits by setting the policy instrument, and the subsequent adjustment of inflation expectations is part of the … transmission mechanism. Generally there is still an inflation bias, despite the absence of a time-inconsistency problem. It is …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …