We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 … model ; inflation ; price dispersion ; firm turnover …

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 … significant negative effect of trend inflation on output even when such an effect exists in reality …

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … of inflation above 3 percent has a substantial deleterious effect, but lowering it below 3 percent has no significant … may fail to detect a significant negative effect of trend inflation on output even when such an effect exists in reality …

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has … the firm anchoring of medium to long-term inflation expectations been touched? Deriving densities from a new data set on … options on the euro area harmonized index of consumer prices provides us with the full distribution of inflation expectations …

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

. Examples include the Financial Panic of 1914, the Post-World War I/Great Influenza inflation of 1919-1920, the Dot-com bubble …

Inflation in 2021 and 2022 grew much faster than the Federal Reserve expected. The Fed downplayed inflation in 2021 and …