growth rate of money may actually increase the current rate of inflation. I show that their result ceases to hold when an … alternative solution with lower inflation is considered. On the other hand, their point was just to show the existence of a …

. Agents spend their money too quickly - a hot‐potato effect of inflation. We show that inflation can stimulate inefficiently …

Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods …. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are … included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together …

of inflation in an open economy. In contrast with the closed economy literature, when policy is set non-cooperatively in … use the inflation tax to gain a beggar-thy-neighbor advantage over the terms of trade. Strategic use of the inflation tax …

money may lead to a transitory increase in seigniorage, the retirement of government debt, and lower inflation in both the … low money growth is conditional on inflation remaining below its previous level …