The cost of the FED maintaining a low target level of inflation is measured by Lucas (2000) and Ireland (2009) as the … welfare cost of inflation based on money demand. Their estimates require stability of the money demand function. Ireland finds … inflation to the post-Volcker period …

deflation, coupled with strong output growth. Our study establishes a stable money demand system for broad money M2. Inflation … affects the adjustment of the system towards equilibrium, and shocks to broad money are found to lead to higher inflation in …

particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …

Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in … lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former … Soviet Union are now typically in the range of 10-60 percent. This essay examines whether a further reduction in inflation …

Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in … lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former … Soviet Union are now typically in the range of 10-60 percent. This essay examines whether a further reduction in inflation …

The COVID-19 pandemic altered consumption patterns significantly in a short period of time. However, official inflation … Germany, we document how consumption patterns changed and we quantify the resulting inflation bias. We find that consumers … experienced a higher level of inflation at the beginning of the pandemic than what a fixed-weight inflation (or the official …

interpretation of official inflation data, which are calculated by the Central Bureau of Statistics (CBS) based on a fixed basket of … during the COVID-19 period. We use this synthetic COVID-19 basket to calculate the adjusted inflation rate that should … prevail during the pandemic period. We find that the differences between COVID-19-adjusted and CBS (unadjusted) inflation …