aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead … inflation expectations and spending today. We find households' inflation expectations and readiness to spend react substantially …

not created due to a hold-up problem. Monetary expansion increases buyers' money holdings, and then, dealers are willing …

certain types of "money assets" may serve both as an indirect hedge against inflation in the two interpretations of the word …The present work offers a review on two divergent schools of thought regarding the subject of money and highlights why … understanding it is important to grasp the workings and nature of the concept of money. We adopt a spontaneous order perspective on …

fall in oil prices tends relatively quickly to lower interest rates and inflation in most countries, and increase global …

When inflation picks up, central banks are most concerned that the de-anchoring of inflation expectations and the … ignition of wage-price spirals will trigger inflation dynamic instability. However, such scenarios do not materialize in the … upon introducing in particularly strong doses boundedly-rational expectations that de-anchor endogenously, as they are …

The resurgence of inflation since the late 2021 is now accompanied by a reversal of prospects of growth, reviving fears … prominent role is played by the fall of households' purchasing power, and hence consumption, owing to the inflation shock visà … inflation surprises, independent of restrictive monetary policy, is not present in the standard New Keynesian models for …

impact inflation, little crowding out of private expenditure exists, and the multiplier tends to be larger compared to a one …

data determine two inflation regimes and find that they are characterized by high and low inflation volatility. We then … exhibit a more substantial and more persistent effect on downstream prices during periods of elevated inflation volatility … effective in State 2. Exogenously differentiating regimes by the level of inflation or the shock size does not reveal state …