. Unanticipated inflation redistributes income and wealth. In order to model the wealth distribution, we study a 60-period OLG model … with aggregate uncertainty. A positive technology shock increases the concentration of wealth as measured by the Gini …

to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating … Maastricht inflation criterion which as currently defined has lost its economic logic. …

offering a substantive explanation for its forecast error, it claimed in its 2017 March Inflation Report that GDP-growth was by … uncertainty regarding future data-revisions by a central bank certainly makes sense, there are no professional arguments to …

offering a substantive explanation for its forecast error, it claimed in its 2017 March Inflation Report that GDP-growth was by … uncertainty regarding future data-revisions by a central bank certainly makes sense, there are no professional arguments to …

to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating … Maastricht inflation criterion which as currently defined has lost its economic logic. -- euro area enlargement ; convergence … ; capital flows ; credit boom ; exchange rate regime ; inflation ; Maastricht …