accurate and reliable forecasts for the future rate of inflation is a necessity for its successful realization. This paper aims … to enrich the Bank's portfolio of short-term inflation forecasting tools through the construction of a Bayesian vector …, allowing for the inclusion of more endogenous variables, and in this way enabling a more comprehensive explanation of inflation …

the paper provides a closed-form solution to the general equilibrium expression of the welfare costs of inflation when the … the general-equilibrium and Bailey's partial-equilibrium estimates of the welfare losses due to inflation. Again, in Lucas …

inflation, as well as to the difference between the general-equilibrium measure and Bailey's (1956) partial-equilibrium measure …

of inflation (five of which already existing in the literature) for any vector of opportunity costs. The ordering of the …

stronger bargaining position when they try to prevent a cut in money wages. If inflation is so low that some money wages have … to be cut, workers stronger bargaining position requires higher unemployment in equilibrium. However, inflation is more … stable when money wage rigidity binds, providing an incentive for monetary policy makers to choose a low target for inflation …

This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …

inflation - is a central determinant of welfare, the cost of business cycles, the optimal rate of inflation, and the tradeoff … between inflation and output stability. While the comovement of price dispersion and inflation implied by standard models is … the data, the comovement of price dispersion and inflation turns positive. Nevertheless, I show that a wide variety of …

The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG … of inflation results in a lower stock market participation rate; in addition, the distribution of wealth becomes more … anticipated inflation are considerably lower than in Imrohoroglu (1992). …