. Nach diesem bekannten Neutralitätsergebnis führt ein höheres Geldmengenwachstum langfristig lediglich zu höherer Inflation …

This paper discusses four potential sources of lag dynamics in inflation: non-rational behavior, staggered contracting …, frictions on price adjustment, and shifts in the long-run inflation anchor of agent expectations (the perceived inflation target …). Expressions for inflation dynamics from structural models which admit these different sources of lag dynamics are contrasted …

This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the … inflation. The paper makes use of different data from individual countries and panel of countries. These data show that the … dispersion of inflation and the behavior of relative prices follow a pattern that is consistent with several globalization …

, contrary to theoretical predictions, the one-round ahead (publicly known) shock is significant, but future inflation is not …. Our findings cast light on price dynamics when subjects have limited computational capacities. -- Inflation Persistence …