different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange …

with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the … interest rate bound, interest rates and monetary aggregates provided a misleading indicator as to the true stance of inflation …

flexible exchange rate regimes. Therefore, this paper determines what the alternative strategies inflation targeting, Taylor …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

We study the long-run relation between money, measured by inflation or interest rates, and unemployment. We first … macro and monetary economics, and providing a unified theory to analyze labor and goods markets. We calibrate the model, to …

that this is sufficient to increase both, output and inflation persistence …

implications for monetary policy as the central bank has to decide which inflation rate to target. Our results demonstrate that …