Search Results - subject_exact:"Inflationsbekämpfung"

Price stability & risks : benign outlook vs potential concerns

Hegemann, Hendrik; Wieland, Volker - 2026

The ECB anticipates stable growth and inflation, while Europe is faced with geopolitical threats, lack of competitiveness and fiscal challenges. At such a time, central bankers need to consider the dynamics of risk scenarios that arise from potentially mis-aligned or mis-perceived trends and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615750

Regime shifts in U.S. trend inflation : pre-Volcker to post-great moderation

Hu, Ruopu; Maith, Junior; Nishiyama, Shin-Ichi - 2026 - This version: March 6, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615812

Is Place-Based Green Industrial Policy Effective? Evidence from the Inflation Reduction Act

Keuzenkamp, Joep; Mazza, Jacopo; Rijkers, Bob; … - 2026

Is place-based green industrial policy effective? This paper examines the Inflation Reduction Act’s Energy Community provisions, which provide spatially targeted incentives for renewable energy investment. Using a difference-in-differences design with investment and job vacancy data, it shows...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628254

Inflation inattention and the consumption gap

Di Bartolomeo, Giovanni; Ferlaino, Francesco; Serpieri, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638015

How do monetary policy and inflation announcements affect firm expectations in high inflation?

Akarsu, Okan; Aktuğ, Emrehan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641895

Fiscal consolidation and disinflationary frictions in Argentina

Sandleris, Guido; Ballester, Francisco; Filippini, Federico - 2026

Argentina has struggled with persistently high inflation for the past two decades, surpassing 200% in 2023. While there is a broad consensus on the need for fiscal consolidation to curb inflation in the country, the path to disinflation is fraught with challenges. The objective of this paper is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636659

The role of production networks in price stability

Stockman, Samuel - 2026

Between the pandemic and the war in Iran, inflation has become a central issue facing the US economy that is compounding a broader affordability crisis. However, the sector-specific nature of these recent inflationary episodes means that movements in the price level are not evenly distributed...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666843

Monopsonistic wage-setting and monetary policy

Kurozumi, Takushi; Sugioka, Yu; Van Zandweghe, Willem - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618918

Monetary regimes with two nominal anchors : are they possible?

Fabris, Nikola - 2025

The traditional approach to monetary policy, which relied on one instrument to achieve a single goal, has proven ineffective during recent periods of global instability. In response to the challenges that this traditional framework could not address, non-standard monetary policy instruments have...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375710

Do Inflation Expectations Become More Anchored During a Disinflation Episode? Evidence for Euro Area Firms

Baumann, Ursel; Ferrando, Annalisa; Georgarakos, Dimitris; … - 2025

Does a successful disinflation contribute to the anchoring of inflation expectations? We provide novel survey evidence on the dynamics of euro area firms' inflation expectations during the disinflation episode since 2022. We show that firms' short term inflation expectations declined steadily...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326434

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Do inflation expectations become more anchored during a disinflation episode? : evidence for euro area firms

Baumann, Ursel; Ferrando, Annalisa; Georgarakos, Dimitris; … - 2025

Book / Working Paper

The four r-stars : from interest rates to inflation and back

Reis, Ricardo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406495

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The four R-stars : from interest rates to inflation and back

Reis, Ricardo - 2025

Book / Working Paper

A new deal for the climate? : lessons from the Inflation Reduction Act

Kauer, Pia - 2025

The Inflation Reduction Act (IRA), passed under the Biden administration in August 2022, is the biggest US climate bill to date. Its focus on subsidy-driven decarbonization incentives marks a potential turning point in US industrial policy and might prevent its repeal under the upcoming Trump...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015197086

Households' preferences over inflation and monetary policy tradeoffs

Pfajfar, Damjan; Winkler, Fabian - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418103

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Households' preferences over inflation and monetary policy tradeoffs

Pfajfar, Damjan; Winkler, Fabian - 2024

Book / Working Paper

ECB monetary policy strategy 2025: report on monetary policy tools, strategy and communication

2025

This report focuses on the implications of the changed inflation environment for the ECB's monetary policy strategy, including the lessons learned from both the low inflation and high inflation periods, and the transition from one to the other. The starting point of the report is the outcome of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418734

Lessons for the European Central Bank from the 2021-23 inflationary episode

Hernández de Cos, Pablo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015419454

Long run inflation : persistence and central bank independence

Athanasopoulos, Angelos; Masciandaro, Donato; Romelli, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466909

Controlling inflation with central bank news

Kokonas, Nikolaos; Rousakis, Michalis; Smyrniotis, Efthymios - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015583494

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Controlling inflation with Central Bank news

Kokonas, Nikolaos; Rousakis, Michalis; Smyrniotis, Efthymios - 2025

Book / Working Paper

Inflation Targeting and the Legacy of High Inflation

Jácome, Luis - 2025

As inflation targeting (IT) turns 35, it has become a key institutional monetary framework by central banks. Yet, this paper shows that stark differences exist among inflation targeting countries in the conduct of monetary policy. Behind such heterogeneity, the legacy of a high inflation history...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015452034

Banking development contributes to economic growth and inflation control in Vietnam

Thao Huong Phan; Thao Viet Tran; Trang Mai Tran - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405598

Retour sur la politique des revenus : une réponse abandonnée face à la "crise du fordisme" en France

Clerc, Basile - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406778

Inflation and growth forecast errors and the sacrifice ratio of monetary policy in the euro area

Ghirelli, Corinna; Pérez, Javier J.; Santabárbara, Daniel - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015407075

Twenty-five years of inflation-targeting in South Africa : going from 6% to 3%?

Burger, Philippe - 2025

This paper proposes that the South African Reserve Bank should pursue a 3% inflation target, instead of the current 4.5% midpoint of a 3%-to-6% target range. Doing so may also result in lower inflation volatility, thereby reducing nominal exchange rate risk for investment and trade, and may thus...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410635

Inflationary inertia as a result of unfulfilled aspirations

Burotto, Nicolás M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437144

A political economy perspective of the constitution of ancient Sparta : conflict resolution, credibility, and stability

Tridimas, George - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437270

Changing jobs to fight inflation : labor market reactions to inflationary shocks

Bostanci, Gorkem; Koru, Ömer Faruk; Villalvazo, Sergio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438039

Inflation and entry costs in a monetary search model

Hiraguchi, Ryōji; Kobayashi, Keiichirō - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438316

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Inflation and entry costs in a monetary search model

Hiraguchi, Ryōji; Kobayashi, Keiichirō - 2023

Book / Working Paper

The dynamics of long-run inflation expectations : a market-based perspective

Cole, Anna; Kozlowski, Julian; Martorana, Joseph - 2025

This paper analyzes market-based probability distributions for long-run inflation expectations derived from inflation derivatives. We construct forward-looking distributions for five-year-ahead inflation to assess the likelihood that inflation will fall above, below, or near the Federal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439104

A general theory of conflict inflation

Woodgate, Ryan - 2025

This paper develops a novel conflict inflation model to unify the analysis of stable and explosive inflation dynamics, addressing a central theoretical divide in the literature. After providing explicit foundations for wage and price setting behaviour, it is shown that inflation expectations...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439232

Monetary policy, heterogeneous expectations, and the return of high inflation

Milani, Fabio - 2025

This paper studies the transition to high inflation during the COVID-19 pandemic, using a behavioral version of the New Keynesian model, which replaces the conventional assumption of Rational Expectations with subjective and heterogeneous expectations. Different shares of agents in the economy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015456233

ECB communication and policy responses : being effective in an era of disinflation and economic policy uncertainty

2025

This briefing report evaluates the ECB's monetary policy in a context of declining inflation and stagnant growth. Inflation risks have been averted and, after a period of relatively tight policy in 2024, benchmark comparisons indicate that the current interest rate is consistent with the ECB's...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015428702

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ECB communication and policy responses : being effective in an era of disinflation and economic policy uncertainty

2025

Book / Working Paper

La inflación es un síntoma, el modelo de país es la enfermedad

Teijeiro, Mario O. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580230

Price stability and financial stability : designing the central bank mandate

Caiazzo, Emmanuel; Zazzaro, Alberto - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580635

Classifying limited-move stability cycles in 2 × 2 games

Rêgo, Leandro Chaves; Oliveira, France E. G. de; … - 2025

The 2×2 game is the simplest non-trivial model of strategic interaction: there are two players, each has two strategies, and each has a strict preference ranking over the four possible outcomes. For models of play that depend only on the ranking of the outcomes, the catalog of 2×2 games...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475356

A positive approach to climate policy : what are preliminary lessons learnt from the US Inflation Reduction Act?

Wedl, Isabella; Fricke, Thomas - 2025

For decades, climate economists and policymakers have favored market-driven solutions with minimal government intervention, advocating carbon pricing as the primary climate policy instrument. The Inflation Reduction Act (IRA), enacted in 2022, represents a fundamental departure from this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396228

The German inflation trauma : Weimar's policy lessons between persistence and reconstruction

Barkhausen, David; Teupe, Sebastian - 2025

The notion of a nation-specific inflation trauma among the German population is ubiquitous in the public debate in Germany and beyond. According to a widespread reading of history because of its experience with hyperinflation in 1923, the Germans not only fear rising prices but favor a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015398583

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The German inflation trauma : Weimar's policy lessons between persistence and reconstruction

Barkhausen, David; Teupe, Sebastian - 2023

Book / Working Paper

How Margaret Thatcher's ideology emboldened her to bite the anti-inflationary bullet

McDonald, Ian Martin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399199

On forecast stability

Godahewa, Rakshitha; Bergmeir, Christoph; Erkin Baz, Zeynep - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667737

Continuity and change in the Federal Reserve's perspective on price stability

López-Salido, José David; Markowitz, Emily J.; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015055844

Inflated concerns : exposure to past inflationary episodes and preferences for price stability

Magud, Nicolas; Pienknagura, Samuel - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574581

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Inflated Concerns: Exposure to Past Inflationary Episodes and Preferences for Price Stability

Magud, Nicolas - 2024

Book / Working Paper

How will the interaction of wages and prices play out in the last mile of disinflation?

Kamin, Steven; Roberts, John M. - 2024

This note develops an econometric model of inflation dynamics to assess recent developments. We find that most of the rapid decline in price pressures achieved in 2023 owes to the normalization of supply chains. With supply-chain disruptions now largely resolved, future progress toward...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014575696

Price discounts and cheapflation during the post-pandemic inflation surge

Cavallo, Alberto; Kryvtsov, Oleksiy - 2024 - Last updated: August 16, 2024

We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in 10 countries between 2018 and 2024. Measuring unit prices within narrowly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015067165

Greener and cheaper: green monetary policy in the era of inflation and high interest rates

Aguila, Nicolás; Wullweber, Joscha - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015069743

Good policy or good luck? : why inflation fell without a recession

Ferguson, Thomas; Storm, Servaas - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015099158

Financial stability and monetary policy : lessons from the UK's LDI crisis

Wilkins, Carolyn A. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015080545

Was something structurally wrong at the FOMC?

Blinder, Alan S. - 2024 - This draft: September 13, 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015080551

The dynamics of large inflation surges

Blanco, Andrés; Ottonello, Pablo; Ranošová, Tereza - 2024

We empirically characterize episodes of large inflation surges that have been observed worldwide in the last three decades. We document four facts. (1) Inflation surges tend to be persistent, with the duration of disinflation exceeding that of the initial inflation increase. (2) Surges are...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015081020

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The Dynamics of Large Inflation Surges

Blanco, Andrés; Ottonello, Pablo; Ranosova, Tereza - 2022

Book / Working Paper

Monetary-fiscal policy interactions when price stability occasionally takes a back seat

Schmidt, Sebastian - 2024

What are the macroeconomic consequences of a government that is limited in its willingness or ability to raise primary surpluses, and a central bank that accommodates its interest-rate policy to the fiscal conditions? I address this question in a dynamic stochastic sticky-price model with...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014484339

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Monetary-fiscal policy interactions when price stability occasionally takes a back seat

Schmidt, Sebastian - 2023

Book / Working Paper

Can price controls be optimal? : the economics of the energy shocks in Germany

Krebs, Tom; Weber, Isabella - 2024

In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to stabilize the economy. Despite its wide adoption, many economists remained skeptical. In this paper, we argue that price controls should be part of the policy toolbox to respond...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014529395

Intersectoral conflict and delays in macroeconomic stabilization

Razmi, Arslan - 2024

An important body of literature explores the political economy reasons underlying delays in macroeconomic stabilization. This paper develops a framework to analyze conflict between two groups of economic actors, one that has an endowment of internationally tradable goods and another that is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014529854

Inflation persistence in the UK 1993-2019 : from months to years

Dixon, Huw; Li, Yiyi; Meenagh, David; Tian, Maoshan - 2024

In this paper we model monthly UK inflation and find that there is some small but significant autocorrelation, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline annual inflation figure. A one-off shock to monthly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014491765