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The post-covid inflation episode
(2023)
Documento de trabajo / Lan gaia,
The recent inflation episode has been examined in an estimated NK-DSGE model with sticky wages and unemployement. The rise of US price inflation resulted from a combination of a sudden rise in 2020, the expansionary monetary ...
Las reglas de política monetaria en la actuación del Banco de España: 1978-1998
(2001)
Documento de trabajo / Lan gaiak,
La especificación de la función de reacción del banco central en los términos propuestos por Taylor (1993), permite conocer en qué medida la política monetaria diseñada e instrumentada es sensible a dos objetivos básicos ...
The costs of hyperinflation: Germany 1923
(2021)
info:eu-repo/semantics/workingPaper,
I study the link between monetary policy and populism by looking at the hyperinflation in Germany in 1923, one of the worst spells of inflation in history, and the Nazi electoral boost in 1933. Contrary to received wisdom, ...