wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we …

Estimates of the welfare costs of inflation based on Bailey (1956) are typically computed using aggregate money demand … Great Inflation to the present regime of low and stable inflation. For this purpose, we estimate different functional … the benefits were significant for both sectors. - Welfare cost of inflation ; flow of funds data ; demand for money …

supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help …

All else equal, higher wages translate into higher inflation. More rigid wages imply a weaker response of inflation to …

qualitative and quantitative information on subsequent inflation. The usefulness of monetary analysis is contrasted to weaknesses … in modeling monetary policy and inflation with respectively short-term interest rates and real activity measures. The … analysis sheds light on the recent change in inflation volatility and persistence as well as on the Phillips curve flattening …

only for cash usage as such but also for a broader set of payment-related activities. Survey data from Germany on consumers …