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  • Tags: monetary policy
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  1. Publication

    Inflation expectations: quo vadis?

    31.01.2022

    Against the backdrop of the recent surge in inflation, we discuss available measures of inflation expectations and implications for monetary policy in t

  2. Publication

    Rising Inflation – Transitory or Cause for Concern?

    14.09.2021

    Consumer price inflation in the euro area has sharply risen to 3% in the course of 2021. This increase was mainly due to higher energy prices and other

  3. Publication

    Should They Stay or Should They Go? Negative Interest Rate Policies Under Review

    10.06.2021

    Negative interest rate policies (NIRP) have become an established monetary policy instrument in the toolkit of the ECB. We discuss NIRP in the euro area

  4. Publication

    Monetary Policy as an Optimum Currency Area Criterion

    31.12.2020

    The costs and benfits of moving from a flexible exchange rate regime to a monetary union depend critically on the conduct of monetary policy. In particu

  5. Publication

    A Reappraisal of the Inflation-Unemployment Tradeoff

    01.01.2005

    This paper offers a reappraisal of the inflation–unemployment tradeoff, based on frictional growth, describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered...

  6. Publication

    Endogenous Growth, Skill Obsolescence and Output Hysteresis in a New Keynesian Model with Unemployment

    31.08.2020

    We embed human capital-based endogenous growth into a New-Keynesian model with search and matching frictions in the labor market and skill obsolescence

  7. Publication

    Gradually Better Outlook for Global Growth

    17.12.2014

    KKB 1: Die weltwirtschaftliche Expansion ist im Verlauf des Jahres 2014 erneut ins Stocken geraten. Von einem Aufschwung, der von allen Regionen getragen wird,

  8. Publication

    World economic upswing continues

    13.12.2017

    KKB 37: The world economy is currently expanding strongly with upward momentum in almost every major economy. Global activity is set to expand by 3.8 percent, 0

  9. Publication

    World economic momentum peaks

    20.03.2018

    KKB 39: At the start of 2018 the global economy is in full swing. On a PPP-basis growth in 2017 was 3.9 percent, the highest rate since 2011.

  10. Publication

    Reduced World Economic Momentum

    21.06.2018

    KKB 43: The world economy has lost momentum in the beginning of this year, although partly due to special factors.

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