We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …

, the movements in the price of gold seem to lead a symmetrical trend in the headline inflation since the outbreak of the …, shifts in the gold price should be monitored as one of the determining factors of inflation. Yet, hardly any study has …-digit inflation rates …

The cost of the FED maintaining a low target level of inflation is measured by Lucas (2000) and Ireland (2009) as the … welfare cost of inflation based on money demand. Their estimates require stability of the money demand function. Ireland finds … inflation to the post-Volcker period …

deflation, coupled with strong output growth. Our study establishes a stable money demand system for broad money M2. Inflation … affects the adjustment of the system towards equilibrium, and shocks to broad money are found to lead to higher inflation in …

This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the … long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of …/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a …

determine when and if a seigniorage-maximizing inflation rate occurred and this way provide a rational on the development of … that the seigniorage-maximizing rate of inflation of the Venezuelan economy occurred around the first quarter of 2016 at a … monthly inflation rate of approximately 13 percent. The implications of this are that when facing the choice of maximizing …

Empirical studies of the shoe-leather costs of inflation are typically computed using M1 as a measure of money. Yet … moderate value of the inflation rate, thereby justifying a deviation from the Friedman rule in favor of the Fed's current …

wealth. Domestic price inflation is affected by imported inflation including currency depreciation (a pass through effect …

Empirical studies of the "shoe-leather" costs of inflation are typically computed using M1 as a measure of money. Yet … minimized for a positive but moderate value of the inflation rate, thereby justifying a deviation from the Friedman rule in …

A low-inflation mystery emerged during the 2010-2019 period as the Federal Reserve struggled to hit its two percent … inflation target. This paper presents theoretical results and empirical evidence that points to the safe asset shortage as a key … reason for the low inflation during this time. Specifically, the paper shows that the safe asset shortage was part of a …