a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …’s strategy in its struggle against low inflation, focusing in particular on the reasons that led it to adopt the interest rate …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …

periods is attributed to the time-varying volatility of shocks. The history for inflation is more nuanced, as a more vigorous …In this paper the authors report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE …) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. They use the results of …

, inflation, interest rates, exchange rates and international trade. The course is divided into five parts: The first presents the …

based. We consider this decision making process in the context of a model in which inflation forecast targeting is used but … generated expectations of medium term inflation provide the best description of discrete changes in interest rates. We find a …

stimulate now and prevent inflation later. Efforts to get Germany, Japan and others to replace stable, noninflationary policies …

through inflation targeting. The ECB aims at a target inflation rate below but close to 2%. However, the diversity among the … each individual member state. Some Eurozone member states experience generally higher levels of inflation and higher … unemployment. On the other side are countries like Germany which are more concerned with maintaining low inflation only. Many …