who value microfoundations and view micro-lev …

There has been mounting evidence that the inflation process has been changing. Inflation is now much lower and much … more effective. There is no doubt in our mind that this explanation goes a long way towards explaining the better inflation …. We argue that prevailing models of inflation are too country-centric, in the sense that they fail to take sufficient …

What can account for the different contemporaneous inflation experiences of various countries, and of the same country … over time? We present an analysis of the determination of inflation from a political economy perspective. We document a … positive correlation between income inequality and inflation and then present a theory of the determination of inflation …