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Year of publication
Subject
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Inflationsbekämpfung 5,137 Anti-inflation policy 5,052 Theorie 1,857 Theory 1,857 Geldpolitik 1,754 Monetary policy 1,719 Inflation 1,422 USA 816 United States 808 Inflation targeting 525 Inflationssteuerung 525 EU countries 390 EU-Staaten 390 Credibility 372 Glaubwürdigkeit 372 Brasilien 361 Brazil 359 Exchange rate policy 353 Wechselkurspolitik 353 Welt 267 World 267 Eurozone 229 Finanzpolitik 229 Euro area 228 Central bank 226 Fiscal policy 226 Zentralbank 225 Argentinien 216 Central bank independence 216 Zentralbankunabhängigkeit 216 Argentina 213 Stabilisierungspolitik 203 Stabilization policy 203 Wirtschaftspolitik 202 Inflation expectations 198 Inflationserwartung 198 Economic transition 193 Systemtransformation 193 Geldpolitisches Ziel 185 Monetary target 185
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Online availability
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Free 921 Undetermined 194
Type of publication
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Article 2,622 Book / Working Paper 2,511 Journal 4
Type of publication (narrower categories)
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Article in journal 1,977 Aufsatz in Zeitschrift 1,977 Graue Literatur 1,205 Non-commercial literature 1,205 Arbeitspapier 1,056 Working Paper 1,056 Aufsatz im Buch 623 Book section 623 Hochschulschrift 155 Collection of articles of several authors 151 Sammelwerk 151 Thesis 134 Konferenzschrift 92 Conference proceedings 70 Bibliografie enthalten 65 Bibliography included 65 Collection of articles written by one author 53 Sammlung 53 Amtsdruckschrift 39 Government document 39 Aufsatzsammlung 29 Conference paper 16 Konferenzbeitrag 16 Dissertation u.a. Prüfungsschriften 10 Commentary 8 Kommentar 8 Systematic review 8 Übersichtsarbeit 8 Bibliografie 7 Lehrbuch 7 Textbook 7 Festschrift 6 Rezension 6 Mehrbändiges Werk 5 Multi-volume publication 5 Reprint 5 Advisory report 4 Forschungsbericht 4 Gutachten 4 Statistics 4
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Language
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English 3,833 German 391 Spanish 337 Portuguese 160 French 96 Russian 92 Polish 50 Hungarian 48 Croatian 40 Italian 33 Undetermined 15 Czech 14 Slovenian 9 Serbian 7 Dutch 6 Bulgarian 5 Romanian 4 Turkish 4 Swedish 3 Danish 1 Finnish 1 Lithuanian 1 Macedonian 1 Norwegian 1 Albanian 1 Ukrainian 1
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Author
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Dornbusch, Rudiger 59 Svensson, Lars E. O. 49 Fischer, Stanley 40 Végh, Carlos A. 34 Bruno, Michael 30 Calvo, Guillermo 28 Leiderman, Leonardo 28 Liviatan, Nissan 26 Ascari, Guido 24 Orphanides, Athanasios 23 Kołodko, Grzegorz W. 21 Artus, Patrick 20 Edwards, Sebastian 20 Woodford, Michael 20 Berger, Helge 19 Kiguel, Miguel A. 19 Mishkin, Frederic S. 19 Razin, Asaf 18 Ball, Laurence M. 17 Bozhechkova, Alexandra 17 Cukierman, Alex 17 Goodfriend, Marvin 17 Uribe, Martín 17 Levin, Andrew T. 15 McCallum, Bennett T. 15 Walsh, Carl E. 15 Dąbrowski, Marek 14 Gavin, William T. 14 Issing, Otmar 14 Wijnbergen, Sweder van 14 Agénor, Pierre-Richard 13 Bordo, Michael D. 13 Buiter, Willem H. 13 Coenen, Günter 13 De Grauwe, Paul 13 Morales Anaya, Juan Antonio 13 Rohatinski, Željko 13 Sachs, Jeffrey 13 Celasun, Oya 12 Frenkel, Roberto 12
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Institution
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National Bureau of Economic Research 90 Internationaler Währungsfonds / Research Department 13 Institut für Weltwirtschaft 11 Bank für Internationalen Zahlungsausgleich / Währungs- und Wirtschaftsabteilung 6 Weltbank 6 Internationaler Währungsfonds 5 Bank of Canada 4 Centre for Economic Policy Research 4 Economic Research Corporation for Latin America 4 Federal Reserve System / Board of Governors 4 Internationaler Währungsfonds / Western Hemisphere Department 4 American Enterprise Institute for Public Policy Research 3 Banca d'Italia 3 Brookings Institution 3 Committee for Economic Development / Research and Policy Committee 3 Escola de Pós-Graduação em Economia <Rio de Janeiro> 3 Federal Reserve Bank of Richmond 3 Federal Reserve Bank of San Francisco 3 Federal Reserve Bank of St. Louis 3 Foerder Institute for Economic Research <Tēl-Āvîv> 3 Internationaler Währungsfonds / European Department <1> 3 Reserve Bank of Australia <Sydney> / Economic Group 3 USA / Congress / House of Representatives / Committee on Banking, Finance and Urban Affairs / Subcommittee on Domestic Monetary Policy 3 University of Warwick / Department of Economics 3 Alvin Hansen Symposium on Public Policy <1, 1995, Cambridge, Mass.> 2 Banco Central de Chile 2 Centralʹnyj bank Rossijskoj Federacii 2 Centro de Estudios Monetarios Latinoamericanos <México> 2 Centro de Estudos de Conjuntura <Campinas, São Paulo> 2 Charles A. Dice Center for Research in Financial Economics <Columbus, Ohio> 2 Deutsche Bundesbank 2 Edward Elgar Publishing 2 Ekonomiska forskningsinstitutet <Stockholm> 2 European University Institute / Department of Economics 2 Federal Reserve Bank of San Francisco / Center for Pacific Basin Monetary and Economic Studies 2 Federal Reserve System / Division of Research and Statistics 2 Fundación para la Educación Superior y el Desarrollo 2 Institut Meždunarodnych Ėkonomičeskich i Političeskich Issledovanij <Moskau> 2 Institut für Iberoamerika-Kunde <Hamburg> 2 Institut za Ekonomsko Diagnozo i Prognozo <Maribor> 2
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Published in...
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Working paper / National Bureau of Economic Research, Inc. 120 IMF working paper 99 NBER working paper series 86 NBER Working Paper 81 Discussion paper / Centre for Economic Policy Research 58 Journal of money, credit and banking : JMCB 56 Review / Federal Reserve Bank of St. Louis 34 Journal of macroeconomics 33 Brazilian journal of political economy 29 Journal of monetary economics 28 Economics letters 25 Economic review 24 Journal of development economics 24 Europäische Hochschulschriften / 5 23 Economic modelling 22 Revista brasileira de economia : RBE ; revista da Escola de Pós-Graduação em Economia da Fundação Getúlio Vargas 22 Working paper 22 Journal of economic dynamics & control 19 European economic review : EER 18 The American economic review 18 The economic journal : the journal of the Royal Economic Society 17 Voprosy ėkonomiki : ordena trudovogo krasnogo znameni ežemesjačnyj žurnal ; Vserossijskoe ėkonomičeskoe izdanie 17 International finance discussion papers 16 Economic quarterly 15 Ekonomski pregled 15 Finance and economics discussion series 15 Investigación económica : revista de la Faculdad de Economía de la Universidad Nacional Autónoma de México 15 Working paper series / European Central Bank 15 World development : the multi-disciplinary international journal devoted to the study and promotion of world development 15 Journal of post-Keynesian economics : JPKE 14 Discussion paper 13 Document de travail 13 Ensayos sobre política económica 13 Pesquisa e planejamento econômico : PPE 13 Staff papers / International Monetary Fund 13 Working paper series / European Central Bank ; Eurosystem 13 Külgazdaság 12 Open economies review 12 Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 12 Eastern European economics 11
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Source
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ECONIS (ZBW) 5,100 USB Cologne (EcoSocSci) 37
Showing 1 - 50 of 5,137
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From low to high inflation : implications for emerging market and developing economies
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2022
Recent energy and food price surges, in the wake of Russia's invasion of Ukraine, have exacerbated inflation pressuresthat are unusually high by the standards of the past two decades. High and rising inflation has prompted many emerging market and developing economy (EMDE) central banks and some...
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Considerations on the monetary policy framework of the European Central Bank
Tosato, Andrea Giorgio - 2022
This working paper offers some considerations on the monetary policy framework of the European Central Bank. The trade-offs arising from adopting a point target configuration over a range target one are assessed in terms of their flexibility vs. inflation anchoring properties. This layout is...
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Narratives about the macroeconomy
Andre, Peter; Harland, Ingar; Roth, Christopher; … - 2022
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From low to high inflation : implications for emerging market and developing economies
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2022
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Global stagflation
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2022
Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to peak in mid-2022 and then decline, but to remain elevated...
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Japan's low inflation conundrum
Mayer, Thomas; Schnabl, Gunther - 2022
The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively high inflation to a low-growth period with...
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Post-oil period in Azerbaijan : economic transformations, anti-inflation policy and innovations management
Aliyeva, Abuhayat - In: Marketing i menedžment innovacij : m&mi (2022) 2, pp. 268-283
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How to limit the spillover from an inflation surge to inflation expectations
Dräger, Lena; Lamla, Michael; Pfajfar, Damjan - 2022
We study the effects of forward looking communication in an environment of rising inflation rates on German consumers' inflation expectations using a randomized control trial. We show that information about rising inflation increases short- and long-term inflation expectations. This initial...
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Climate change versus price stability : how "green" central bankers and members of the European parliament became pragmatic (yet precarious) bedfellows
Massoc, Elsa C. - 2022
The European Central Bank (ECB) recently proclaimed a more active role for itself in the fight against climate change. Did the European Parliament (EP) play a part in this regard, and if so what was it? To answer this question, this paper builds on a multi-method text analysis of original...
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Reactions of household inflation expectations to a symmetric inflation target and high inflation
Galati, Gabriele; Moessner, Richhild; van Rooij, Maarten - 2022
We provide evidence on the reactions of the level and probability distribution of households’ expectations of inflation in the euro area to the ECB’s monetary strategy change to a symmetric inflation target in July 2021, and to the subsequent strong rise in euro area inflation above target....
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Weighing the Options : Why the Bank of Canada Should Renew Inflation Targeting
Williamson, Stephen - 2022
Leading up to the Bank of Canada’s 2021 renewal of its agreement with the government of Canada, this Commentary evaluates alternatives to the Bank’s current inflation-targeting agreement, and recommends that the agreement continue in its present form. The important elements of monetary...
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Breakpoint Analysis for the Brazilian Inflation in the pre-Real Stabilization Plans
R. G. Da Silva, Victor; de Oliveira, Jean Gabriel - 2022
During the Brazilian hyperinflation period (1980-1994), several plans to control the inflation (stabilization plans) were implemented, relying on very diverse premises and a wide range of instruments of economic policy. Nevertheless, none of these plans had obtained success in the goal of...
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The Simplest Test of Target Zone Credibility
Svensson, Lars E. O. - 2022
A credible target zone exchange rate regime with a given exchange rate band implies bounds on the amount of depreciation and appreciation of the domestic currency. This implies, for given foreign interest rates, bounds on the domestic-currency rate of return on foreign investment: a...
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Efficient Rules for Monetary Policy
Ball, Laurence - 2022
This paper defines an efficient rule for monetary policy as one that minimizes a weighted sum of output variance and inflation variance. It derives several results about the efficiency of alternative rules in a simple macroeconomic model. First, efficient rules can be expressed as 'Taylor rules'...
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Taming Inflation Scares
Orphanides, Athanasios; Williams, John C. - 2022
A monetary policy strategy that keeps inflation expectations solidly anchored in line with a clearly communicated definition of price stability supports the achievement of both price stability and economic activity goals. Providing an enduring nominal anchor succeeds in taming inflation scares...
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Achieving Stabilization and Development Objectives in a Single Agenda : The Experience of the Eurasian Fund for Stabilization and Development
Ulatov, Sergei; Pisareva, Natalia; Levenkov, Artem - 2022
The experience of the EFSD in the last 10 years has raised important questions about the developmental role an RFA could play for low income or less-developed countries. Even though other RFAs do not have a development mandate, the EFSD’s operational model inspires the RFAs to reflect on their...
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On the Welfare Costs of Postwar U.S. Conventional Monetary Policy
Nlemfu Mukoko, Jean Blaise - 2022
This paper analyzes the welfare costs related to changes in monetary policy and trend inflation in the Postwar U.S. economy. We use a medium-scale New Keynesian DSGE model and find the following results. First, changes in monetary policy and trend inflation play an essential role in reducing...
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The Desirability of a Dollar Appreciation, Given a Contractionary U.S. Monetary Policy
Frankel, Jeffrey A. - 2022
Undesirable real effects have been attributed to floating exchange rates in general, and the 1980-83 appreciation of the dollar in particular.In the appreciating country, the U.S., export industries lose competitiveness and so output falls. In the other country, say Europe, the exchange rate...
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Inflation Stabilization and Capital Mobility
Dornbusch, Rudiger - 2022
The paper investigates the process of inflation stabilization under conditions of international capital mobility. A first part looks at the traditional view of inflation and payments problems as a reflection of fiscal problems and deficit finance. From there the analysis proceeds to the...
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Drivers of Turkish Inflation
YILMAZKUDAY, HAKAN - 2022
This paper investigates the drivers of Turkish inflation by using a structural vector autoregression model, where monthly data on global oil prices, unemployment rates, inflation rates, policy rates and exchange rates are used. The empirical results show that Turkish inflation increases...
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Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy as an Equilibrium Outcome of Globalization
Binyamini, Alon; Razin, Assaf - 2022
The paper provides a unified analysis of globalization effects on the inflation-output tradeoff and monetary policy, in the New-Keynesian framework. The main proposition of the paper is threefold. First, labor, goods, and capital mobility tend to flatten the tradeoff between inflation and...
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Do Inflation Expectations Improve Model-Based Inflation Forecasts?
Banbura, Marta; Leiva-Leon, Danilo; Menz, Jan-Oliver - 2022
Those of professional forecasters do. For a wide range of time series models for the euro area and its member states we find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF and Consensus Economics compared to their...
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Fiscal Inflation
Cochrane, John H. - 2022
Why are we seeing inflation? The government dropped about $5 trillion in people's bank accounts, a classic fiscal helicopter drop. Why did this one produce inflation? People do not believe this debt will be repaid. Will inflation continue? Whether we see a one-time price-level increase or...
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Inflation Narratives
Andre, Peter; Haaland, Ingar; Roth, Christopher; … - 2022
We survey retail investors at an online bank to study beliefs about the autocorrelation of aggregate stock returns, and how these beliefs shape investment decisions measured in administrative account data. Individuals' beliefs exhibit substantial heterogeneity and predict trading responses to...
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Fixed Exchange Rates as a Means to Price Stability : What Have We Learned
Svensson, Lars E. O. - 2022
The paper discusses what we have learned from last year's currency crises in ERM and the Nordic countries about fixed exchange rates as a means to achieve price stability. After discussing the explanations for the crises, the paper concludes that fixed exchange rates are not a shortcut to price...
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Nominal Anchor Exchange Rate Policies as a Domestic Distortion
Krueger, Anne O. - 2022
This paper analyzes a nominal anchor exchange rate policy as a domestic distortion, in the tradition of international trade theory. It is shown that, in addition to the problems of sustainability and exit pinpointed in the exchange rate literature, a nominal anchor exchange rate policy, while in...
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A new approach to assess inflation expectations anchoring using strategic surveys
Armantier, Olivier; Sbordone, Argia M.; Topa, Giorgio; … - 2022
We propose a new approach to assessing the anchoring of inflation expectations using "strategic surveys". Namely, we measure households' revisions in long-run inflation expectations after they are presented with different economic scenarios. A key advantage of this approach is that it provides a...
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Inflation target credibility in times of high inflation
Coleman, Winnie; Nautz, Dieter - 2022
We use a representative online survey to investigate the inflation expectations of German consumers and the credibility of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards since summer 2021, reaching an all-time low in April 2022....
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Alternative monetary-policy instruments and limited credibility : an exploration
Garcia-Cicco, Javier - 2022
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Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General
McCallum, Bennett T. - 2021
This paper begins with a description of the inflation targeting arrangements currently in place in the four above-mentioned countries and their performance records through mid-1995 are reviewed. It is argued, however, that too little time has passed for conclusions to be drawn, so that tentative...
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Some Costs and Benefits of Price Stability in the United Kingdom
Bakhshi, Hasan; Haldane, Andrew; Hatch, Neal - 2021
In a previous attempt to articulate the costs of inflation (Leigh-Pemberton (1992)), the Bank of England outlined the following costs of a fully-anticipated inflation: - the cost of economising on real money balances -- so-called shoe-leather' effects; - the costs of operating a...
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The Costs and Benefits of Going from Low Inflation to Price Stability
Feldstein, Martin S. - 2021
This paper evaluates the welfare gain from achieving price stability and compares it to the cost of the transition. In calculating the gain from price stability, the paper emphasizes the distortions caused by the interaction of inflation and capital income taxes. Because inflation exacerbates...
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Globalization and Disinflation : A Note
Razin, Assaf - 2021
The note analyzes how globalization forces induce monetary authorities, guided in their policies by the welfare criterion of a representative household, to put greater emphasis on reducing the inflation rate than on narrowing the output gaps
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Inflation Stabilization and Bop Crises in Developing Countries
Calvo, Guillermo A.; Vegh, Carlos A. - 2021
High and persistent inflation has been one of the distinguishing macroeconomic characteristics of many developing countries since the end of World War II. Countries afflicted by chronic inflation, however, have not taken their fate lightly and have engaged in repeated stabilization attempts....
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Costs and Benefits of an Anti-Inflationary Policy : Questions and Issues
Buiter, Willem H.; Miller, Marcus H. - 2021
This paper analyses how the output or unemployment cost of achieving a sustainable reduction in the rate of inflation depends on the structure of the wage-price process and how the "sacrifice ratio" can be minimized. In models where the natural rate is invariant under the anti-inflationary...
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Monetary Policy and Real Stabilization
Svensson, Lars E. O. - 2021
Monetary policy can achieve average inflation equal to a given inflation target and, at best, a good compromise between inflation variability and output-gap variability. Monetary policy cannot completely stabilize either inflation or the output gap. Increased credibility in the form of inflation...
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Modern Hyper- and High Inflations
Fischer, Stanley; Sahay, Ratna; Vegh, Carlos A. - 2021
Since 1947, hyperinflations (by Cagan's definition) in market economies have been rare. Much more common have been longer inflationary processes with inflation rates above 100 percent per annum. Based on a sample of 133 countries, and using the 100 percent threshold as the basis for a definition...
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Inflation Stabilization and Welfare
Woodford, Michael - 2021
This paper derives loss functions for monetary policy that are grounded in the welfare of private agents, for optimizing models with nominal price rigidities. Inflation stabilization enhances welfare, insofar as variable inflation results in real distortions when prices are not adjusted...
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Inflation Targeting in a St. Louis Model of the 21st Century
King, Robert G.; Wolman, Alexander L. - 2021
Inflation targeting is a monetary policy rule that has implications for both the average performance of an economy and its business cycle behavior. We use a modern, rational expectations model to study the twin effects of this policy rule. The model highlights forward- looking consumption and...
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Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
Buiter, Willem H.; Miller, Marcus H. - 2021
Implementing a 'gradualist' policy of monetary contraction, in an open economy with a freely floating exchange rate but with nominal inertia in domestic labor costs, can lead to prompt and substantial changes in the nominal and real exchange rate. One of the virtues claimed for such exchange...
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A Rehabilitation of Monetary Policy in the 1950s
Romer, Christina D.; Romer, David H. - 2021
Monetary policy in the United States in the 1950s was remarkably modern. Analysis of Federal Reserve records shows that policymakers had an overarching aversion to inflation and were willing to accept significant costs to prevent it from rising to even moderate levels. This aversion to inflation...
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Halting Inflation in Italy and France after World War Ii
Casella, Alessandra; Eichengreen, Barry - 2021
In the aftermath of World War II, Italy and France experienced high inflation. The two countries enacted remarkably similar economic policy measures, but stabilization came at different times: for Italy at the end of 1947, for France a year later. Traditional explanations for the regained price...
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Price Inertia and Inflation : Evidence and Theoretical Rationale
Nadiri, M. Ishaq - 2021
In this paper we look at some empiricel evidence of and theoretical rationale for price inflexibility in the face of a decrease in short run demand in the Western-type industrialized economies. The empirical evidence suggests that price sluggishness is pervasive but varies across markets,...
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Why Inflation Rose and Fell : Policymakers' Beliefs and Us Postwar Stabilization Policy
Primiceri, Giorgio E. - 2021
This paper provides an explanation for the run-up of U.S. inflation in the 1960s and 1970s and the sharp disinflation in the early 1980s, which standard macroeconomic models have difficulties in addressing. I present a model in which rational policymakers learn about the behavior of the economy...
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The Bank of Russia Tightens Its Monetary Policy In Response to Accelerated Inflation
Bozhechkova, Alexandra; Trunin, Pavel - 2021
At its Board of Directors meeting in June, the Bank of Russia raised the key rate for the third time since the beginning of the year, by 0.5 p.p. to 5.5% per annum. This decision was caused by an accelerated inflation triggered by reviving demand as the containment measures were being lifted,...
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Inflation Persistence, Monetary Regimes and Credibility : A Long-term Perspective
Pratap, Bhanu; Singh, Swati; Kurien, Ashwin Thomas - 2021
Inflation persistence or ‘inertia’ has important consequences for monetary policy. Inflation which does not get eliminated today tends to persist entailing higher costs in the future. In turn, a monetary regime can exert significant influence on inflation persistence by its credibility and...
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Transition from Inflation to Price Stability
Garber, Peter M. - 2021
This paper provides a detailed discussion of the real phenomena that materialized in the stabilization period which followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed to a government policy which subsidized heavy...
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Money-Based Versus Exchange Rate-Based Stabilization with Endogenous Fiscal Policy
Tornell, Aaron; Velasco, Andrés - 2021
We present a standard intertemporal model in which fiscal policy is determined by an optimizing but non-benevolent fiscal authority. If the fiscal authority is impatient, a money-based stabilization provides more fiscal discipline and higher welfare for the representative agent than does an...
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Generating a Sharp Disinflation : Israel 1985
Bruno, Michael - 2021
On July 1 the Israeli government adopted a comprehensive emergency program for stabilization and recovery which has had dramatic consequences, at least in the very short-run. Within a few months inflation was down to 1-2 percent a month, foreign exchange reserves were rising rapidly andin spite...
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The Capital Inflows Problem Revisited : a Stylized Model of Southern Cone Disinflation
Obstfeld, Maurice - 2021
In the late 1970s countries in Latin America's Southern Cone attempted to lower domestic inflation rates through the progressive reduction of a preannounced rate of exchange-rate devaluation. The stabilization programs gave rise to massive capital inflows, real exchange-rate appreciation, and...
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