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 …

The paper offers a new explanation for the cause of the Great Inflation by constructing a model that explicitly … separates the roles of government and monetary policymakers. A mechanism that inflation can accelerate even if an inflation … target is low is uncovered. The model solves the puzzle of the observed high inflation target during the Great Inflation and …

We analyse welfare effects of the interactions between the tax system and inflation in Poland and in Ukraine, using the … framework developed by Feldstein (1997, 1999). This approach stresses the fact that inflation increases distortions created by …

A standard monetary model of inflation is augmented to include import, labor, energy, and intermediate good cost …

growth and inflation to the specification of the estimating model; second, to test the stability of their relationship in the … acceleration of inflation from 1964- 1972 to 1973-1980 reduced total factor productiv-ity growth in a way that was both … statistically significant and sizeable, and b) even when the ef-fect of inflation is separated from the effects of technical change …