nominal policy interest rate and the CPI inflation rate decline during housing booms and rise as house prices fall. These … demonstrate that stronger policy responses to inflation amplify housing-market boom-bust cycles. Also, higher loan-to-value ratios … stability ; Inflation targets …

The relationships among the quantity theory of money, monetarism and policy regimes based on money-growth and inflation … significance for the behaviour of output and inflation. It is argued that the active view is more plausible, on both theoretical …

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 …

Real wage rigidities have recently been proposed as a way of building intrinsic persistence in inflation within the … and inflation in the New Keynesian Phillips curve. From a methodological perspective, these results derive from our … Curves hold promise empirically and provide interesting research directions. -- Inflation and prices ; Labour markets …