I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of … inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused … collection of 37 different measures of inflation expectations, including many previously unexploited monthly and real …

framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …

, ut*, in the aftermath of the pandemic and characterize its implications for inflation dynamics. While the bulk of the … inflation surge is attributed to temporary supply factors, we also find an important role for current and expected negative …-run price stability depends critically on expectations about labor market tightness. Using a variety of cross-sectional data …

effects on the equilibrium values of real stock of money, real income and actual and expected inflation, which ensue from the … effort to determine the time paths of income, actual and expected inflation towards their long – run equilibrium values …. Assuming that expectations are adaptive, we determine and solve a second order system of difference equations with constant …

inflation. b) Relaxing rational expectations in a New Keynesian model partially substitutes for the additional structural …The assumption of rational expectations is potentially a serious source of misspecification in DSGE models. Many recent … theories of expectations formation have relaxed rational expectations and improved the predictive properties of benchmark …

Inflation is always an important indicator to measure whether economy is stable and healthy. This paper provides a … substantive survey of the research on the welfare cost of inflation, and uses the methods of consumer's surplus and neo …-classical general equilibrium models respectively to estimate the welfare cost of inflation in China. The results show that high …

permanent income and inflation rates predicated on the assumption that the velocity turn over of money is stable over time. Both … current inflation and growth rate of money 18 months earlier. The error correction regression reveals that both M1 and M2 … cointegrated with the growth rate of real GDP. There is an absence of any contemporaneous homogeneity between growth rate of money …