regime during a deceleration in economic activity and with headline and core inflation remaining well below the FOMC's 2 … percent inflation target. Moreover, both short- and long-term inflation expectations were drifting lower. These developments …

inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which … resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even …

substantial fraction of the cyclical variation in output and is consistent with the observed inertia in inflation. This is true …

that the real burden of this debt cannot be reduced significantly by inflation because the bulk of it is held by government … agencies, is adjusted for inflation or is short-term. Inflation offers politicians low returns and high costs. The paper also … the inflation technically, questions arise over its willingness to use the proper policies in time, given Congressional …

side and inflation and real output on the other has mostly disappeared since the early 1980s. Using the direct estimate of … valuable information about future movements of U.S. inflation and real output. Statistical evidence suggests that the Friedman …

recursive interaction with inflation as integral to it. This treatment underlay both his 1920s work on the business cycle as a … deployment of his analysis of expected inflation on nominal interest rates, and, indirectly, in its espousal of the case for …

We have studied the comparative performance of a number of interest rate spreads as predictors of the German inflation … three of the interest rate differentials also foreshadowed the long swings in the German inflation rate remarkably well with …

and inflation, as outlined in the classical study by M. Friedman and Schwartz, mostly disappeared since the early 1980s … information about future movements of US real output and inflation. Statistical evidence here provided thus suggests that the …

side and inflation and real output on the other has mostly disappeared since the early 1980s. Using the direct estimate of … information about future movements of U.S. inflation and real output. Statistical evidence suggests that the Friedman …