A large literature in macroeconomics assumes a social objective function, W(pi,U), where inflation, pi, and … dollar value of a low inflation rate. It also examines the struture of happiness equations across countries and time. …

UK inflation varied greatly over 1865-1990, in response to many policy and exchange-rate regimes, two world wars and … each of these. Variables representative of most theories of inflation mattered empirically over the sample, yielding an …

An I(2) analysis of Australian inflation and the markup is undertaken within an imperfect competition model. It is … inflation results in a lower markup in the steady state. The negative correlation between inflation and the markup is …

will choose not to include any indexation coverage in their wage contracts even when inflation is uncertain, unless the … perceived inflation uncertainty is high enough. Significantly, the exercise does not presume any exogenous costs (e …

An I(2) analysis of inflation and the markup in undertaken for the G7 economies and Australia. We find that the levels … cointegrates with inflation and that higher inflation leads to a lower markup on the steady state. The lower markup is interpreted …

trade-off between inflation and unemployment and were thereby led to advocate a policy of inflation.  It is argued here that … question; and very few advocated inflation on bases vulnerable to Friedman's theoretical critique.  The Phillips curve was put … to various uses, but advocating inflation was hardly amongst them.  It is suggested that one lasting result of the …