Moments (TVP-GMM) framework. Using monthly data until December 2022 for five inflation targeting countries (the UK, Canada …, Switzerland), we find that monetary policy has become more averse to inflation and more responsive to the output gap in both sets … of countries over time. In particular, there has been a clear shift in inflation targeting countries towards a more …

aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

January 1993 to December 2020 for five inflation-targeting countries (the UK, Canada, Australia, New Zealand and Sweden) and … speed is twice as fast when deviations are small and the credibility of the central bank is higher. Third, inflation …

and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …

a fixed policy rate. This policy induces similar welfare losses relative to dual-instrument policy as inflation …

-August 2020, the other from the ECB reporting average monthly values over the period January 1900-August 2020. The estimation …

We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian … of inflation and GDP responses to monetary and sectoral shocks and (2) increase the pass-through of sectoral shocks to … aggregate inflation. Quantitatively, we confirm the significant role of production networks in shock propagation, emphasizing …