case of prevailing inflation, there is a mismatch between the nominal interest rate that is a discounting factor for all …

of inflation is integrated into the model. The central issue is that the historical cost accounting method generally … partly compensate such additional tax burdens caused by inflation. …

With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm …'s marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the … elasticity is always less than minus unity, then output increases with inflation. In the special case that the elasticity always …

the traditional results on the impact of inflation. In particular, recent findings suggest that quantity-adjustment costs … may remove the linkage between output and inflation. We show that this is not the case when inflation is anticipated. On …