model presents a 'price rule' for government spending that ensures that the ELR is not a source of inflation. Indeed, the … ; Income Transfers ; Investment Subsidies ; Direct Job Creation ; Employer of Last Resort ; Inflation ; Income Distribution …

chartalist, respectively), the rate of wage inflation depends on either unemployment or the wage-setting policies of the … inflation affects aggregate demand through its impact on the value of assets and debts. Bank rates depend on an endogenous …

inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector …Several explanations of the "great inflation moderation" (1982-2006) have been put forth, the most popular being that … inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …

The post-pandemic surge in inflation was accompanied by a surge in the corporate share of profits. As a result, several … economists and policy makers have given to it names such as "profit-led inflation" or "sellers' inflation." The present paper … discusses the extent to which profit-led inflation, as an explanation for the recent surge in inflation, is compatible with what …

Reserve does not target inflation or react to inflation signals.ʺ Rather, the Fed reacts to the very realʺ signal sent by … the Federal Reserve largely ceased reacting to inflation or high unemployment, but continued to react when unemployment … for the effects of inflation and unemployment. -- Personal Income ; Wage Level ; Wage Differentials ; Price Level …

This paper is focused on Modern Monetary Theory's (MMT) treatment of inflation from an open economy perspective. It … analyzes how the inflation process is explained within the MMT framework and provides empirical evidence in support of this … facing an inflation-unemployment trade-off. …