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This Selected Background Issues paper on Switzerland reviews a few monetary and exchange rate...

Using a VAR approach, this paper studies the relationship between money, output, and prices in a...

The strong US policy response to the 2008-09 financial crisis raised concerns about its impact...

In this paper I study the effect of imperfect central bank commitment on inflationary outcomes. I...

This paper outlines important lessons for monetary policy. In particular, the role of inflation...

Inflation targeting (IT) has gained much traction over the past two decades, becoming a framework...