— with the most prominent contenders including price level, nominal income, and hybrid (inflation plus output gap) variables … — together with the issue of growth-rate vs. growing-level target path specifications. One conclusion is that inflation and …

We consider what, if any, relationship there is between monetary aggregates and inflation, and whether there is any … paribus unitary relationship between inflation and money growth. Simulations of a New Keynesian model suggest that we should … allowance needed for the phase shift in the relationship between monetary growth rates and inflation. While financial innovation …

pattern of correlations between exchange-rate changes and inflation that is more realistic than provided by a more standard …

pattern of correlations between exchange-rate changes and inflation that is more realistic than provided by a more standard …

Should central banks, because of the zero-lower-bound problem, raise their inflation-rate targets? Several arguments … are relevant. (1) In the absence of the ZLB, the optimal steady-state inflation rate, according to standard New Keynesian … currency is feasible (even arguably attractive) and would remove the ZLB constraint on policy. (5) Increasing target inflation …