This paper isolates the role of conflict or disagreement on inflation in two ways. In the first part of the paper, we … present a stylized model, kept purposefully away from traditional macro models. Inflation arises despite the complete absence … of money, credit, interest rates, production, and employment. Inflation is due to conflict; it cannot be explained by …

the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor …

. There exists an inflation threshold, below which real wage flexibility is low. We also find that a part of the heterogeneity …

the role of prey. Then, we extend the model step by step by introducing variable prices, inflation expectation, public …

and that inflation expectation effects may easily destabilize the economic system. Furthermore, we reveal that global …

Most macroeconomic models for monetary policy analysis are approximated around a zero inflation steady state, but most … central banks target an inflation rate of about 2 percent. Many economists have recently proposed even higher inflation … conduct of monetary policy should be analyzed by appropriately accounting for the positive trend inflation targeted by …