Most countries in the world have brought inflation down to very low rates. While there is broad consensus regarding the … fact that polices aimed at bringing down inflation have adverse consequences on aggregate output and unemployment, at least …

interest rates increase and inflation declines. Before tightening monetary policy to pursue these benefits, however, policy …

distributional consequence, he argues, engineering a disinflationary recession now to wring more inflation out of the economy would … be inappropriate. On the contrary, with inflation as low as it is and with upward pressure on wages that could trigger a … rise in inflation also low, now is the time for the Federal Reserve to let the economy grow--to seek policies that promote …

we calibrate the share of constrained agents to fit the wealth Gini index for the US, the optimal inflation rate is above …A popular argument in favour of price stability is that the inflation-tax burden would disproportionately fall on the … interest bearing assets (LAMP). We show that a combination of higher inflation and lower income taxes reduces inequality. When …

interest rates tends to distribute income towards higher income classes. This helps explain why consumer price inflation in …

wealth and income inequality, as measured by the Gini index. Surprisingly, QE has weaker distributional consequences compared …

interest rates tends to distribute income towards higher income classes. This helps explain why consumer price inflation in …