impact of uncertainty and failed expectations induced by money leads to specific patterns of economic disruption. These … money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find …

Artículo de revista ; This article analyses agents’ perception of the period of low inflation in recent years, in the … context of a model in which these agents form their expectations on the basis of simple forecasting rules. The approach used … allows a distinction to be drawn between which portion of the low inflation phenomenon might be due to temporary factors and …

explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …This thesis is a collection of papers that use survey data to analyze expectations about macroeconomic variables and … the way these expectations are formed. Using a new approach for modeling forecast errors in a structural way, we show that …

Central Bank’s Consumer Expectations Survey. The analysis shows that the upward revision to household inflation expectations …Artículo de revista ; This article examines the impact that some recent events (specifically, the surge in inflation … rates and the war in Ukraine) are having on Spanish households’ economic expectations, using information from the European …

sources of the rise and fall of the Great Inflation from the late 1960s to the early 1980s and of the Great Moderation of … periods is attributed to the time-varying volatility of shocks. The history for inflation is more nuanced, as a more vigorous … stand against it would have reduced inflation in the 1970s, but not completely eliminated it. In addition, they find that …

PURPOSE - The purpose of this paper is to test the hypothesis of long-run money neutrality for Egypt, Jordan and … cointegration techniques to test the neutrality of money hypothesis for three Middle Eastern economies, using quarterly data on … money, prices and real income. The benefit of using this technique lies in its ability to distinguish between cointegration …

This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand …, Spain, Sweden and the UK which have adopted a "formal" policy of low or zero inflation target. Using cointegration analysis … and a vector error correction model (VECM), it is found that the long-run relationship between inflation and real income …

The article analyzes the public spending of inflation and the reasons for its permanence. It is noted that inflation … negatively affects the finances, monetary and the entire economic system. It reduces the purchasing ability of money, undermines … that accompanying product of inflation as a complex phenomenon is massive and uncontrolled distribution of national income …

monetary policy.Chapter 1 studies the choice of endogenous means of payment when holding money is risky. In steady state … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … and transactions costs. When the crime rate is positive, welfare increase with inflation, and the Friedman rule is not …

impact on inflation. Data suggests that dollarization significantly reduces inflation. This research has serious implications …