The Quantity Theory of Money is implicitly embedded in the arguments for price level adjusted financial statements … - inflation accounting. Historically, the instability of commodity prices, which is due to changes in relative prices, is … considered by one school of economic thought (monetarism) as a reflection of the instability of the value of nominal money …

economic theory had no decisive influence on the outcome, the central bank’s role as a political actor in its own right and in … Europe in the 1990s. Key words: central banking, central bank independence, Ordoliberalism, Keynesianism, monetarism JEL …

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

based on the Fiscal Theory of the Price Level (FTPL). The re sults show that a credibly fixed exchange rate is inconsistent …

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 …

rapidly growing literature on Fiscal Theory of Price Level, which opens up new horizons in a non–Ricardian world and questions …

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 …