to be important for optimal policy, that the optimal long-run inflation target is unaffected by the degree of potential …

to be important for optimal policy, that the optimal long-run inflation target is unaffected by the degree of potential …

to be important for optimal policy, that the optimal long-run inflation target is unaffected by the degree of potential …

analysis. This paper, instead, shows that it is possible to analyze equilibrium inflation determination without any reference … equilibrium inflation in the cashless limit also provide a useful approximate account in the case of an economy in which monetary …, including variation of a kind that may result in substantial instability of money demand in percentage terms.<p> Inflation in …

We examine to what extent variants of inflation-forecast targeting can avoid stabilization bias, incorporate history …. A suitably designed inflation-forecast targeting rule can achieve the social optimum and at the same time have a more …

to be important for optimal policy, that the optimal long-run inflation target is unaffected by the degree of potential …

policy. First, I consider whether ignoring money means returning to the conceptual framework that allowed the high inflation … of the 1970s. Second, I consider whether models of inflation determination with no role for money are incomplete, or … evidence for a long-run relationship between money growth and inflation. (Here I give particular attention to the implications …

policy. First, I consider whether ignoring money means returning to the conceptual framework that allowed the high inflation … of the 1970s. Second, I consider whether models of inflation determination with no role for money are incomplete, or … evidence for a long­run relationship between money growth and inflation. (Here I give particular attention to the implications …