by the liability progression of personal income tax in the pre-inflation period. Second, the impact of fiscal drag on the …

We study asymmetric inflation effects of both conventional and unconventional monetary policy in the euro area during …

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 … model ; inflation ; price dispersion ; firm turnover …

könnten. Die Autoren des Zeitgesprächs sehen diese Gefahr nicht. Vielmehr könne ein gemäßigter Anstieg der Inflation sogar … raised the question whether such a role of the ECB must lead to higher rates of inflation. Under current recessive … macroeconomic conditions in the eurozone, the ECB’s expansionary monetary policy will not lead to higher inflation. On the contrary …

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 … significant negative effect of trend inflation on output even when such an effect exists in reality …

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … of inflation above 3 percent has a substantial deleterious effect, but lowering it below 3 percent has no significant … may fail to detect a significant negative effect of trend inflation on output even when such an effect exists in reality …

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

form a monetary union, the country with higher initial inflation will definitely experience an increase in its inequalities …. In the country with lower initial inflation, however, inequalities might go in either direction since the inflationary … effect of uniting its monetary policy with a high inflation country can dominate the reducing effect of vanished trade …