pronounced increase of aggregate US producer price inflation. …

ongoing, inflation uncertainty seems to play a large role. Finally, while modern finance theory prices bonds and other assets …

This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for … countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best … elasticities implied by theories of Baumol-Tobin and Miller-Orr. Finally, the sample after 1990 shows considerably less inflation …

This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer’s (2009) model in …

We study the determination of Irish inflation between 1935 and 2012 using a Phillips curve approach. We find that a … of diagnostic tests. We also consider the importance of UK and euro area inflation for Irish inflation. While UK … inflation is significant in the period 1935 – 1979, and euro area inflation is significant in the period 1980 – 2012, we present …

fixes, a reasonably durable regime. However, most of the new stability is due to countries that float with an inflation … target. Though a few have left to join the Eurozone, no country has yet abandoned an inflation targeting regime under duress …. Inflation targeting now represents a serious alternative to a hard exchange rate fix for small economies seeking monetary …

of this margin of adjustment for the response of inflation to shocks. Across a range of empirical exercises, we find …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …