expected inflation. The inability of the Fed to maintain a credible commitment to low interest rates in the face of increased … government spending and rising inflation led to the Fed-Treasury Accord of March 1951. Following the Accord, the external …

groups in the dispersion of household-specific rates of inflation. Using survey data on inflation expectations, I show that … demographic groups with greater dispersion in experienced inflation also disagree more about future inflation. I argue that these … results can be rationalized from the perspective of an imperfect information model in which idiosyncratic inflation experience …

) a macroeconomic game between two countries' with inflation-bias preferences confronting uncertain demands for moneys. In …

This paper uses a multicountry econometric model with rational expectations to analyze the effects of alternative …

reunification. A policy that separates learning from control may induce a persistent upward bias in money growth and inflation, just …