; credibility and transparency; the inflation forecast and the loss function; monetary policy experiences in the US and the UK; the …1. No money, no inflation : the role of money in the economy -- 2. Central bank independence -- 3. The use and meaning … of words in central banking : inflation, targeting, credibility and transparency -- 4. The inflation forecast and the …

Economy, 22 (1), March, 1-21 -- Alex Cukierman and Allan H. Meltzer (1986), 'A Theory of Ambiguity, Credibility, and Inflation … E.O. Svensson (1997), 'Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts … Briault, Andrew Haldane and Mervyn King (1996), 'Central Bank Independence and Accountability: Theory and Evidence', Bank of …

A statement of problem -- The theory of the demand for money -- A theory of the supply of money -- The quantity theory … of money -- Inflation without a quantity of money : the Wicksellian approach. -- Technological risk and the social … function of real debt -- Monetary risk and the social function of money debt -- The quantity theory in a risky world …

operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do …pt. I. Introduction -- pt. II. Functional finance : the background -- pt. III. Assessing the inflation barrier -- pt …

Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together … his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the …pt. 1. Keynesianism, monetarism and rational expectations -- pt. 2. Monetary regimes and inflation -- pt. 3. Markets …

perspective on psychology and economics, social norms and macroeconomics, the nature of unemployment, unemployment and inflation … (2004), 'Fairness and Inflation Persistence', Journal of the European Economic Association, 2 (2-3), April-May, 240 …-51 -- Rafael Di Tella, Robert J. MacCulloch and Andrew J. Oswald (2001), 'Preferences Over Inflation and Unemployment: Evidence …

It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this … idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore … presented in its place. The book aims to provide the foundations for a new analysis of inflation from a macroeconomic …

The problems associated with chronically high inflation and hyper inflation continue to preoccupy policy makers and … experiences of hyperinflation and cases of chronic inflation, this volume continues with papers on the conditions which are … conducive to generating high inflation. The link between monetary policy and inflation is examined through empirical studies of …