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://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://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://ebvufind01.dmz1.zbw.eu/10015628254

Inflation inattention and the consumption gap

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

Persistent link: https://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://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://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://ebvufind01.dmz1.zbw.eu/10015666843

Legal origins, central bank independence and inflation stability : institutional determinants of sustainable monetary policy

Koziuk, Viktor; Klapkiv, Jurij - 2026

This paper examines whether legal origins influence the anti-inflationary effectiveness of central banks. While prior literature emphasizes the role of institutional frameworks in shaping financial systems, less attention has been paid to how legal traditions affect the relationship between...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061653

The Central Bank's Dilemma : Look Through Supply Shocks or Control Inflation Expectations?

Beaudry, Paul; Carter, Thomas J.; Lahiri, Amartya - 2023

When countries are hit by supply shocks, central banks often face the dilemma of either looking through such shocks or reacting to them to ensure that inflation expectations remain anchored. In this paper, we propose a tractable framework to capture this dilemma and explore optimal policy under...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014372498

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The Central Bank’s Dilemma : Look Through Supply Shocks or Control Inflation Expectations?

Beaudry, Paul - 2026

Book / Working Paper

One Global Shock, Many Inflation Paths : Explaining Post-COVID Inflation Divergence

Imam, Patrick - 2026

This paper investigates why the post-COVID inflation surge, though globally synchronized, led to widely divergent outcomes across countries. Using cross-country regressions for 130 economies and local projections methods for 70 advanced and emerging markets, we analyze the structural,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016087748

Argentina: the challenge and the opportunity

Obstfeld, Maurice - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084342

Disinflation faster than expected : transitional household credit risk in argentina (2016-2026)

Mermelstein, David A. - 2026

Rapid disinflation can increase household credit risk by raising the real burden of fixed-rate debt. Using a monthly, product-level panel for Argentina, this paper studies the effect on household credit risk of the disinflation that began after December 2023, when inflation fell from 25% to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016088598

Monetarismo cum estatismo : government spending and the limits of monetary stabilization

Ocampo, Emilio - 2026 - Version updated 13 August 2026

This paper reconstructs and formalizes a theory developed by Cuban-Argentine economist Armando P. Ribas between the late 1970s and early 1980s and employs it to analyze the stabilization plan currently being implemented in Argentina. The exercise has value not only from the perspective of the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016088611

Generalised conflict inflation : rigidities, indexation, and their endogeneity on the path to hyperinflation

Woodgate, Ryan - 2026

This paper advances post-Keynesian conflict inflation theory in four main ways. First, it resolves a longstanding ambiguity surrounding the speed-of-adjustment parameters in conflict inflation models. It is argued that these parameters reflect the costs of adjusting wages and prices, and the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084670

A dual mandate can support price stability

Bundick, Brent; Petrosky-Nadeau, Nicolas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084326

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A dual mandate can support price stability

Bundick, Brent; Petrosky-Nadeau, Nicolas - 2026

Book / Working Paper

Inflation composition and monetary stabilization

Andreolli, Michele; Rickard, Natalie; Surico, Paolo; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016094053

Distributional conflict and the dynamics of inflation bias

Razmi, Arslan - 2026

This paper studies how distributional conflict changes the classic discretionary inflation-bias problem. Unlike the standard Barro-Gordon framework, inflation is costly not only through deviation from the target but also through income redistribution when wages adjust sluggishly. The policymaker...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016092397

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Distributional conflict and the dynamics of inflation bias

Razmi, Arslan - 2026 - [Version] August 24, 2026

Edition: [Version] August 24, 2026

Book / Working Paper

Monopsonistic wage-setting and monetary policy

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

Persistent link: https://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://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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016063914

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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

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://ebvufind01.dmz1.zbw.eu/10015333518

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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://ebvufind01.dmz1.zbw.eu/10015197086

Households' preferences over inflation and monetary policy tradeoffs

Pfajfar, Damjan; Winkler, Fabian - 2025

Persistent link: https://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://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://ebvufind01.dmz1.zbw.eu/10015419454

Long run inflation : persistence and central bank independence

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015466909

Controlling inflation with central bank news

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

Persistent link: https://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://ebvufind01.dmz1.zbw.eu/10015452034

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

Clerc, Basile - 2025

Persistent link: https://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://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://ebvufind01.dmz1.zbw.eu/10015410635

Inflationary inertia as a result of unfulfilled aspirations

Burotto, Nicolás M. - 2025

Persistent link: https://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://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://ebvufind01.dmz1.zbw.eu/10015438039

Inflation and entry costs in a monetary search model

Hiraguchi, Ryōji; Kobayashi, Keiichirō - 2025

Persistent link: https://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://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://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://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://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://ebvufind01.dmz1.zbw.eu/10015580230

Price stability and financial stability : designing the central bank mandate

Caiazzo, Emmanuel; Zazzaro, Alberto - 2025

Persistent link: https://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://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://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://ebvufind01.dmz1.zbw.eu/10015398583

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