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

Since the work of Doepke and Schneider (2006a) and Meh and Terajima (2008), we know that inflation causes major … same country. Two types of monetary policy, inflation targeting (IT) and price level targeting (PT), have very different …

horizons ranging from 6 to 24 months. We find that gold contains significant information for future inflation for several … countries, especially for those that have adopted formal inflation targets. This finding may arise from the manner in which … inflation expectations are formed in these countries, which may result in more rapidly mean-reverting inflation rates. Compared …

uncertainty about the longer-term outlook for inflation. In particular, the linkages between inflation, long-run inflation … decade. In the case of Canada, there is evidence that uncertainty about long-run inflation fell considerably between the high-inflation … period of the 1970s and early 1980s and the subsequent moderate-inflation period, and decreased still further in the low-inflation …

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

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

This paper surveys the empirical literature on the benefits of low inflation emphasizing contributions since 1990. It … at the costs of inflation, or the benefits of price stability, in the context of four themes: inflation creates … uncertainty about the future; there are costs of having to cope with inflation; inflation affects equity and fairness; and 'living …