The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank … welfare cost of a 10% inflation rate instead of zero, for comparison to other estimates, as well as the cost of a 2% inflation … rate instead of a zero inflation rate. The zero rate is specified as the US inflation rate target in the 1978 Employment …

Germany and beyond. Because of its experience with hyperinflation in 1923, the German population fears rising prices and …The notion of a nation-specific inflation trauma among the German population is ubiquitous in the public debate in … understanding of the German inflation trauma is as old as its historical point of reference. The majority of the literature presumes …

money growth and seignorage has been uniformly positive at all inflation rates. Consistent with this, evidence shows that …: (i) the equilibria's stability properties are reversed, with the high-inflation equilibrium being unstable under rational … expectations; and (ii) there is the possibility of explosive inflation even in the presence of well-defined steady-states. I …

-specified and stable money demand in India after incorporating the inflation forecast variable as one of the essential determinants … aggregate, in the ongoing flexible inflation targeting framework, as one of the essential information or indicator variables …

von V. Clausen die Eigenschaften diskutiert, die eine Geldnachfrage in einem Regime der Geldmengensteuerung aufweisen …