setting causes inflation persistence. We analyse how the endogeneityof the capital stock changes the macroeconomic dynamics …

-term interest rates to the Bank of England’s inflation report andto macroeconomic announcements. Due to the quarterly frequency at …, the more timehas elapsed since the latest release of an inflation report, market volatility shouldincrease, the price …

of this paper is the analysis of inflation risk of European real estate securities. An overview of the institutional …

Recent theoretical work shows that changes in the volatility of inflation and/or unem-ployment affect equilibrium in … propositionthat the volatility of unemployment helps explain inflation outcomes suffers from a spu-rious regression problem. Once this … problem is controlled for, the evidence suggeststhat the volatility of unemployment does not help explain inflation outcomes …

Inflation rates in a number of OECD follow a common trend over the past four decades: inflation starts out low in the … in the behavior of trend inflation suggests that any explanation of long run inflation trends ought to apply across OECD …-varying NAIRU, can explain long run trends in U.S. inflation. In this paper we show that this result cannot serve as an explanation …

in an economy. It presents a monetary growth model in which inflation affects credit market efficiency, and via this link … offspring which serve as internal finance, more of which promotes credit market efficiency and capital formation. Inflation acts … proceeds of the inflation tax to capitalists or workers, inflation decreases the steady-state capital stock, although the …

[...]In this article, we model the relationship between goodsinflation and services inflation from 1967:2 to 2002:4. To … helpinform the inflation debate, we then use our results to forecastinflation for 2003. The specific inflation series that we … services inflation have experiencedpermanent increases and reductions, but these shifts havemoved roughly in tandem.2 That is …

the long-run inflation expectationsreported in the Survey of Professional Forecasters, conductedby the Federal Reserve …