This paper analyses the role of inflation expectations in the euro area. On one hand, the question is how inflation … expectations affect both inflation and output, and, on the other hand, how inflation expectations reflect developments in these … variables. The analyses make use of a simple VAR model of inflation, inflation expectations and the output gap that allows for …

the behavior of inflation expectations - agents expected shocks to persist in the pre-Volcker period, but not in the post …This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker’s disinflation (1979-1982). My …

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

This paper gives an overview of some issues related to market aluation, focusing on the developments on the New York … in the past but that the bull market preceding the 2000-2002 bear market had been particularly long and impressive in …

The empirical evidence suggests that there is a significant, negative relationship between inflation and economic …. Therefore the technology of the financial sector influences the velocity of money, and consequently, how inflation affects … generates an inflation-growth effect whose magnitude falls in the range found by the empirical studies. Moreover, in contrast to …

economies of the G7 countries. We first prove that nominal interest and inflation rate can be better represented as being broken …

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

Inflation can alter the characteristics of tax- and contribution systems in numerous ways. This paper demonstrates how … inflation alters the distributive properties of nominally defined tax systems and looks at the impact of the tax revenues and … comparisons of the distributive consequences of the inflation induced erosion of tax- band limits, thresholds, deductions, tax …

controls were essentially ineffective in reducing inflation. …