ideas. The coroner's evidence consists of the small standard deviation of the core inflation rate in the past two decades … despite substantial volatility of the unemployment rate, and in particular the common tendency of PC inflation equations to … predict ever greater amounts of negative inflation (i.e., deflation) over the years of labor-market slack since 2008 …

innovations, and negatively correlated with inflation innovations. The disinflationary nature of news shocks is consistent with …

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 … significant negative effect of trend inflation on output even when such an effect exists in reality. …

Recently a market in options based on CPI inflation (inflation caps and floors) has emerged in the US. This paper uses … quotes on these derivatives to construct probability densities for inflation. We study how these pdfs respond to news … empirical pricing kernels. The options-implied densities assign considerably more mass to extreme inflation outcomes (either …

to the fact that both bond and equity yields commove strongly and positively with expected inflation. While inflation … commoves with nominal bond yields for well-known reasons, the positive correlation between expected inflation and equity yields … uncertainty about real growth prospects and habit -- based risk version. In the US, high expected inflation has tended to …