with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the …

This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models … and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion … of money demand played a prominent role. More recently, interactions of inflation and taxation came into focus. Growth …

This paper examines the consequences of using "real-time" data for business cycle analysis in Germany based on a novel …. The consequences of using real-time data for inflation forecasts, the dynamic interaction of output gaps and inflation …

with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the …