paper money, the system needs to avoid a fall in monetary inflows to aggregate supply. Price stability policies cannot … guarantee this aim when inflation rises. In contrast, full inflation-indexed economies can avoid or mitigate falls in aggregate …

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 …

countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …

countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …

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 … that bring the potential of a future massive and very inflationary increase in the money supply. While the Fed can prevent …

side and inflation and real output on the other has mostly disappeared since the early 1980s. Using the direct estimate of … flows of U.S. dollars abroad we find that domestic money (currency corrected for the foreign holdings of dollars) contains … valuable information about future movements of U.S. inflation and real output. Statistical evidence suggests that the Friedman …

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 …

countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …

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 …