equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …

Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have … policies. This paper argues rather, that the permanent loss in output following Sweden’s banking crisis in the early 1990s …

An empirical link between inflation and price dispersion has been well established in goods and services markets – both …. Specifically, we examine the link between inflation and price dispersion in an empirical setting patently lacking the market … inflation-dispersion link in goods and services markets with a matched panel of equity market prices. Surprisingly, we find that …

Most of the papers in the sticky-price literature are based on a log- linearization around the zero inflation steady … state, a simplifying but counterfactual assumption. This paper shows that when trend inflation is considered, both the long … results obtained by models log-linearized around a zero inflation steady state are quite misleading. Furthermore, the same is …