inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively …

dollars to prices of resource-based commodities, and inflation targeting. This paper explores various aspects of these … phenomena. It uses standard empirical models, and an investigation of the different approaches to inflation targeting in the … helpful to macroeconomic stability. It appears that the most effective monetary policy approach focuses on domestic inflation …

We study a model with repeated moral hazard where financial contracts are not fully indexed to inflation because …

containing information on real economic activity, inflation, interest rates and Divisia monetary aggregates produces the most …

The authors investigate empirically the relationship between different aspects of inflation and relative price …. The authors show that expected inflation, which is captured by the menu cost model, is the aspect of inflation that is …. The authors, however, cannot completely discard inflation uncertainty (the signal extraction model), especially when using …