Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … features. This study evaluates comparatively the inflation-forecasting power of alternative time-varying estimates of the … twentieth century. The analysis reveals that the overall inflation-forecasting utility of the natural rate of unemployment …

For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey … models of forecasting inflation, the data are low frequency measures which appear anachronistic in the modern era of high … frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many …

crisis since the Biafra war of the sixties. Currently, she is experiencing a staggering rate of inflation (well up to the … “inflation crunch” have adjusted to or tried to adapt to this pressure. In other words, this phased research project proposes to …

’ quarterly data from 1993:Q1 to 2006:Q4. The estimates of money demand function based on the quantity theory indicate a stable … the target is to stimulate growth and to control inflation. …

’s assets do not rise in step with its liabilities. The backing theory is used to examine whether inflation can be avoided by a …A numerical example of privately issued money is used to illustrate the fiscal theory of the price level, and to show … that the fiscal theory is best understood as a subset of the backing theory of money. Government issuance of money or debt …

, whether the fiscal theory of the price level (FTPL) is able to deliver a reasonable explanation for the different evolutions …-Ricardian equilibria in Spain, while the opposite is true for Germany. We interpret this as evidence for the inflation differences in these …

-booming economy. Thereby, inflation mainly caused by resource boom has its own specific features in terms of impact on economy and …