We study the welfare costs of inflation in a monetary general equilibrium model with networks in the labor market …. Inflation affects the consumption-leisure choice differently depending on job network structure; inflation hits harder in more … connected networks. In these networks, people consume more and enjoy more leisure, leading to higher welfare. Inflation reduces …

This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over …. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a … inflation. …

This paper studies the effect of inflation on welfare in a monetary economy with price dispersion and consumer search …. When facing greater price dispersion with higher inflation, consumers search harder for lower prices, and increased search … frictions to incorporate the interrelationship of money, search, and endogenous price dispersion. Inflation aspects welfare …

inflation. This relationship is strong in economies with high inflation, but weakens under low inflation. Based on these … findings, we study the dependence of the money-prices relationship on the level of inflation in Argentina along the last 35 … and inflation. Proportionality holds for the high inflation period but weakens under low inflation. Money velocity is …

spending decisions of enterprises and households and thus inflation. One way, to describe the relationship between real … interest rates and inflation, is based on our experience with the monetary theory of the price level. The quantity theory of … paper we use two simple descriptions of the long run link between real interest rates and inflation, and subsequently test …

terms of both deflation and inflation --- long distance trade, overseas exploration and expansion (colonialism), and indeed … inflation of the Price Revolution (1520-1650) --- an inflation further fostered by a financial revolution in credit and banking … role of inflation, and associated macro-economic changes, in producing the roots of modern capitalist entrepreneurship …

of an inflation, induced primarily by monetary forces, when nominal wages failed to keep pace with the rise in consumer …