countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best … elasticities implied by theories of Baumol-Tobin and Miller-Orr. Finally, the sample after 1990 shows considerably less inflation … variability, worsening the fit of a one-for-one relationship between money growth and inflation, and generates a fairly low …

shocks as well as general inflation. Sellers can change price only by incurring a real menu cost.' We calibrate this cost and … and Kryvtsov. The prediction of the calibrated model for the effects of high inflation on the frequency of price changes …

interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation …

Our current inflation stemmed from a fiscal shock. The Fed is slow to react. Why? Will the Fed's slow reaction spur … more inflation? I write a simple model that encompasses the Fed's mild projections and its slow reaction, and traditional … views that inflation will surge without swift rate rises. The key question is whether expectations are forward looking or …

uncertainty about the composition or timing of a stabilization. Under full certainty, inflation may rise, fall, or remain constant … there is no simple correlation between changes in the budget deficit and inflation. With uncertainty about the timing OF a … stabilization, the inflation rate will most likely exhibit fluctuations and may overshoot its steady state value, even when real …

depreciation allowance schedule is accelerated, then temporary cuts in the corporate tax rate could reduce investment. Inflation …

JamesTobin, relies on increasing the rate of inflation and making money less attractive relative to real capital. In Tobin …. This paper will examine ways of increasing capital intensity without raising the rate of inflation. The analysis will also … show why, contrary to Tobin's conclusion, a higher rate of inflation may not succeed in increasing investors' willingness …