teleological interpretation or proportionality analysis, that is means-end rationality, empirical investigations have sometimes …

feature is that we depart from rational expectations while maintaining full rationality of agents in a sense made very precise …. Our first contribution is to show that small departures from rational expectations imply that inflation upon exit can be …

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 …