Contents: Stability conditions for forward-looking monetary policy rules in the basic New-Keynesian model - Inflation targeting makes the difference: Novel evidence on inflation stabilization - Monetary policy and oil price expectations - The Euro and the Spanish housing bubble.
Dirk Bleich studied Economics at the University of Goettingen. He graduated in 2007 as a Diplom-Volkswirt and worked as a research assistant at the WHU - Otto Beisheim School of Management, chair of Macroeconomics and International Relations. During this time he wrote this dissertation. Since 2011 the author has been working with the Deutsche Bundesbank at the International Financial System Division.