Much of the opposition to indexation as a means of adapting to on going inflation arises from the view that indexation … association between indexation and inflation is in large part a consequence of the monetary and fiscal policies being followed by … deficits are in part financed through the printing of money. It is shown that all aspects of indexing -- wage indexation, bond …

The price indexation of Social Security benefit payments has emerged in recent years as a flashpoint of debate in the …

exchange rate that will prevail in any model or real world economy in which inflation indexed bonds are traded. An advantage of … yields on long maturity inflation - indexed bonds. This relationship can be interpreted as defining the fair value of the … take our theory to a dataset spanning the period January 2001 - February 2011 and study a daily , real time decompositions …

Models of inflation and growth in the sixties emphasized the portfolio substitution mechanism by which higher inflation … to higher growth.The empirical evidence, however, is that growth and inflation are negatively correlated. Reasons for … this negative correlation are investigated, and then embodied in a simple monetary maximizing model. Higher inflation is …

This paper estimates the efficiency consequences of interactions between nominal tax systems and inflation in open … economies. Domestic inflation changes after-tax real interest rates at home and abroad, thereby stimulating international … capital movement and influencing domestic and foreign tax receipts, saving, and investment. The efficiency costs of inflation …

Data for around 100 countries from 1960 to 1990 are used to assess the effects of inflation on economic performance. If … increase in average inflation by 10 percentage points per year are a reduction of the growth rate of real per capita GDP by 0 … procedures use plausible instruments for inflation, there is some reason to believe that these relations reflect causal …

Recent literature suggests that long-run averages of growth and inflation are only weakly correlated and such … correlation is not robust to exclusion of extreme inflation observations; inclusion of time series panel data has improved matters …, but an aggregate parametric approach remains inconclusive. We propose a nonparametric definition of high inflation crises …

theory, the paper examines the link between openness and inflation using cross-country data. The data reveal a strong … of precommitment in monetary policy leads to excessive inflation. Because unanticipated monetary expansion leads to real … inflation will be lower in more open economies. After presenting a simple theoretical model demonstrating this prediction of the …