The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that … supply and to inflation expectations significantly increase real oil prices; with the unadjusted M1 aggregate there is no … role played by inflation expectations and the money supply shocks during major oil shock episodes. These shocks partially …

inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self …This paper studies price stability and debt sustainability when the real rate exceeds trend growth (r > g) in a New … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates …

. Our NKPC specification, that relies on market- and survey-based inflation expectations, explains well euro area inflation …This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook … long-horizons. Overall, the NKPC is a useful tool for monitoring euro area inflation outlook. Thanks to its fast and light …

We study asymmetric inflation effects of both conventional and unconventional monetary policy in the euro area during …

policy in a New Keynesian model by committing to a price-level target path. However, the central bank retains the flexibility … central bank with such discretion undermines the credibility of the price-level target and weakens its effectiveness to … stabilize the economy through expectations. The endogenous nature of credibility also brings novel results relative to models …

-and-trade scheme implying a more pronounced pressure on allowances prices and inflation. The impact on price stability is worsened by … inflation under control, and by the adoption of monetary rules tied to expectations rather than current macroeconomic conditions …This paper studies the role of expectations and monetary policy on the economy's response to climate actions. We show …

consumption, income and wealth. We account for the various channels through which inflation affects individual households, and for … the monetary and fiscal policy responses to the inflationary shock. Our results indicate that the effects of inflation … differences in individual consumption patterns. On average, the effect of inflation is regressive, with lower income households …