In the light of the economically rational expectation theory, this article shows how an expert chooses an optimal oil …

This paper o¤ers to investigate both the Friedman's and Mishkin's hypotheses on the consequences of inflation on output … countries, we distinguish between short-medium and long run and between headline and core inflation. We get two main results …. First, nominal uncertainty and inflation are positively linked. Second, headline inflation negatively Granger causes out …

Book review: Liêm Hoang-Ngoc "Le fabuleux destin de la courbe de Phillips. Les théories de l'inflation et du chômage …

This article identifies a new channel through which inflation affects the real economy. In a simple monetary model …. Because of this heterogeneity, long run inflation affects the real interest rate and real variables, even when there are no …. For realistic utility functions, inflation is found to raise the capital stock, but to decrease welfare. …

dynamical models of macroeconomic theory, the paper shows how such an "eductive" viewpoint completes and deepens rather than …

This paper addresses recent developments in monetary policy theory in the context of a binding Zero Lower Bound and … a higher inflation target and correspondingly higher interest rates would offer larger wiggle room for Central Banks to …-Keynesian DSGE framework and including positive steady state inflation, we investigate if having a higher permanent inflation target …

This paper examines the presence of nonlinear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for … inflation in the EA context. …