reference to the quantity of money.Following up the finding that inflation is determined in a coordination game, it is …. Central banks could thus be shown to be able to influence inflation rates, although the quantity of money plays no part in …This paper presents a model that pictures how inflation is determined in a decentralized market process where prices …

reference to the quantity of money.Following up the finding that inflation is determined in a coordination game, it is …. Central banks could thus be shown to be able to influence inflation rates, although the quantity of money plays no part in …This paper presents a model that pictures how inflation is determined in a decentralized market process where prices …

interest rates and inflation rates. It is argued that the traditional story deriving central bank power from its monopoly of … issuing base money is flawed. That story - in its various guises - is based on the quantity equation. This equation, however … banks seem to influence interest and inflation rates. Here, we suggest that the explanation is that central banks have …

frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to … that there are benefits to using higher frequency measures of inflation expectations. Out of sample forecasts confirm the …

markets now expect is not enough to reduce inflation to targets, experience from previous global recessions suggests that the …

aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature …, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation … coding of inflation reports to describe inflation factors communicated by central banks in real time. Regarding the latter …

yields' fluctuations and highlight the roles of a tight monetary policy stance and expectations of lower inflation in … negative inflation slope points to higher odds of a recession within a year. An aggressive removal of policy accommodation …