era confirms the modern observation that the level of unemployment does not much affect the rate of inflation …

state) inflation; cyclical interaction of inflation with real variables; and positive analysis of monetary policy behavior …. With regard to ongoing inflation, the paper demonstrates that the principal conclusions of theoretical analysis are not …. Whether one assumes finite-lived or infinite-lived agents, such models suggest that steady-state inflation rates will conform …

As central bankers intensify their focus on inflation as the primary goal of monetary policy, it becomes increasingly … important to have accurate and reliable measures of changes in the aggregate price level. Measuring inflation is surprisingly … transitory noise and bias. Noise causes short-run changes in measured inflation to inaccurately reflect movements in long …

As inflation approaches zero, it becomes increasingly important to examine the price indices on which monetary policy … index of the cost-of-living, is that there are likely to be biases in the index as a measure of inflation. In this paper we … inherent in the CPI as a measure of inflation--weighting bias. Utilizing a dynamic factor model we are able to compute the …

This paper presents a model of monetary policy in which a rise in inflation raises uncertainty about future inflation …. When inflation is low, there is a consensus that the monetary authority will try to keep it low. When inflation is high …

not be permanently affected by the rate of inflation. A change in the general rate of inflation should, in equilibrium …, cause an equal change in the rate of inflation for each asset price The experience of the past decade has been very … relation between the rate of inflation and the relative price of such real assets. More specifically, in an economy with an …

environment and Ukraine, as high inflation environment, were studied. Our empirical findings suggest that monetary policy regime … to non–interest incomes. Yet, in economy with inflation targeting and lower debt–to–GDP ratio risk spreads, defined as … proportion in a less indebted economy, which we attribute to stable demand for safe assets in low inflation environment. In the …

This paper analyzes the relationship between exchange rates, inflation and disinflation in Latin America. The analysis … inflation. The second issue addressed in the paper refers to the use of a nominal exchange rate anchor to reduce inflation. Data …