any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal …This paper contributes to the income inequality literature that is based on the traditional Kuznets model. Price … stability, financial deepening, level of development, state employment, and fiscal redistribution are found to enhance income …

This paper is an empirical study of the links between monetary variables and inflation based on Cagan’s equation and … differenced model overcomes Evans’ critique of this test and that chronic inflation is essentially a monetary phenomenon caused by …

rates and inflation even in the absence of base money. The paper explores implications for current and future central …

the real purchasing value of financial assets and widen the wedge in income between those with capital stock and those …

The paper evaluates whether a monetary aggregate can serve as a useful predictor of inflation, using recent … of return variables. However, deviations of M2 from its long-run equilibrium value do not significantly enhance inflation … forecasts based on conventional output-gap models, a result that stands in contrast to the Federal Reserve’s P* relationship …