current and future inflation innovations to revalue government debt, reducing reliance on distorting taxes; (2) the role of … inflation in optimal fiscal financing increases with the average maturity of government debt; (3) as average maturity rises, it … is optimal to tradeoff inflation for output stabilization; (4) inflation is relatively more important as a fiscal shock …

This paper discusses three policy tools to mitigate jobless recoveries during financial crises: inflation, real … of inflation is sizably lower real wages. Hence, inflation does not prevent wage earners as a whole from getting hit by …/nontradables), from output peak to recovery point, displays a statistically significant relationship with inflation or jobless recovery …

, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … spell, while older workers accelerate their transition to full retirement. We also find that high inflation discourages full …

In this paper we investigate the relationship between loose monetary policy, low inflation, and easy bank credit with … that can be interpreted as loose monetary policy shocks, low inflation shocks, bank credit shocks and house price shocks …. Loose monetary policy (as well as low inflation) played some role but the residual which may be picking up other factors …

In this paper we investigate the relationship between loose monetary policy, low inflation, and easy bank credit with … policy, low inflation, and bank credit has on house, stock and commodity prices. We review the historical narratives on asset … inflation or "easy" credit …

We propose a continuous time model of nominal debt and investigate the role of inflation credibility in the potential … for self-fulfilling debt crises. Inflation is costly, but reduces the real value of outstanding debt without the full … punishment of default. With high inflation credibility, which can be interpreted as joining a monetary union or issuing foreign …

Official price indexes, such as the CPI, are imperfect indicators of inflation calculated using ad hoc price formulae … different from the theoretically well-founded inflation indexes favored by economists. This paper provides the first estimate of … how accurately the CPI informs us about "true" inflation. We use the largest price and quantity dataset ever employed in …

If inflation expectations become firmly anchored at the inflation target even when average inflation deviates from the … target, the long-run Phillips curve becomes non-vertical. During 1997-2011, average inflation expectations in Sweden have … been close to the inflation target of 2 percent, whereas average inflation has fallen short of the target by 0.6 percentage …

stimulus mostly generates inflation rather than output growth. To do this, I construct price-setting models with "volatility …

inflation erode the real value of its nominal price until it reaches some point s. Then, the seller pays the menu cost and …