-- Chapter 6: Money as the Ability and Some Related Issues -- Chapter 7: Money as the Ability and inflation -- Chapter 8: The … Causes of Inflation -- Chapter 9: Some After Thoughts and the Question of Economic Polices. … universal type or representation. The book explains inflation as the increased need to acquire money, that is the need to employ …

Two strands of the literature suggest that PPI inflation, rather than CPI inflation, should be the targeting variable … in a monetary policy rule. The distinction between these two rules would only be important if the two inflation indices … do not co-move strongly. The first contribution of this paper is to document that the two inflation gauges did co …

In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as … conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future … Price Index (CPI) when calculating the inflation rate, I find that the null hypothesis can be rejected for six of ten …