Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … fiscal drag for OECD countries since 1965. Some considerations on the role of money illusion and indexation in this context … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the …

This note shows that full price indexation is not optimal in the long-run in the New Keynesian model. Moreover, we show … that more price stickiness may increase steady state welfare, if price indexation is partial. …

We study how inflation and deflation affect firms' ability to cooperate in an experimental Bertrand duopoly with … differentiated products. We find that there is significantly less cooperation in the treatments with inflation and deflation compared … to the no-inflation treatments. The difficulties to cooperate affect prices and welfare: Depending on the market …

Ignoring the effects of inflation in retirement planning can have severe consequences for an individual's future … financial well‐being. Yet, many pension funds do not communicate inflation‐related information, presumably for the fear of … prediction, the provision of inflation information could increase pension contributions, because it reveals possible pension …

line with empirical evidence, the model predicts a short-term inflation-output trade-off, a liquidity effect …