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their comments. All remaining errors are my own. References Ball , L. – Sheridan , N. ( 2005 ): Does Inflation Targeting Matter? In: Bernanke , B

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Magyar Nemzeti Bank (National Bank of Hungary) (2006): Jelentés az infláció alakulásáról (Report on the Changes of the Inflation). Budapest: MNB. Jelentés az infláció alakulásáról

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Anand, R. - Prasad, E. (2010): Optimal Price Indices for Targeting Inflation Under Incomplete Markets. NBER Working Paper Series , No. W16290. Prasad E

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Kenny, G. — Meyler, A. — Quinn, T. (1998): Bayesian VAR Models for Forecasting Irish Inflation. Technical Paper , 4/RT/98. Ireland, Central Bank of Ireland. Quinn T

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Bodie, Z. (1990): Inflation Insurance. Journal of Risk and Insurance , 57(4): 634–645. Bodie Z. Inflation Insurance

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Working Papers , No. 388 . Bini Smaghi , L. ( 2013 ): Who Killed the Inflation Target? In: Reichlin, L. – Baldwin, R. (eds.): Is Inflation Targeting Dead? Central

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Chadha, B., Masson, P. R., and Meredith, G. (1992): Models of Inflation and the Costs of Disinflation. Staff Papers, IMF, 39: 395-431. Models of Inflation and the Costs of Disinflation Staff Papers

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Cogley, T. — Sbordone, A. (2006): Trend Inflation and Inflation Persistence in the New Keynesian Phillips Curve . Staff Reports, No. 270, Federal Reserve Bank of New York. Cragg, J. — Donald, S. (1993): Testing

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that must be fought decisively. Similarly, Mario Draghi, a former President of the European Central Bank (ECB), considered that deflation was a threat even though the Eurozone consistently experienced price inflation during his term. 1 Following this

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AE monitoring on Vesuvius enables to recognize that the system seems to be supplied by a phreatic, rather than by a plutonic, process. Moreover, it is possible to distinguish, with a high temporal resolution, periods of time during which Vesuvius seems to be “inflating” and others during which it appears to be “deflating”. Correlation with seismic evidence is discussed, and it is shown that during “inflation” the standard seismic records loose ~99% of the accumulated potential energy.

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