constraints generate inflation. We study stochastic economies with fiat money, a central bank, one nondurable commodity, countably … and a fixed price for the commodity. Consequently, we investigate stationary equilibria with inflation, in which aggregate … equation for the rate of inflation continues to hold and the real rate of interest is equal to the common discount rate of the …

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 …

Threshold inflation that maximizes long-term growth in an economy is dependent on fiscal deficit (FD) and current … account deficit (CAD). Since the existing empirical literature on threshold inflation lacks a robust theoretical framework …, the present study considers the theory developed by Dholakia (2020) to estimate threshold inflation that maximizes steady …

Under inflation targeting inflation exhibits negative serial correlation in the United Kingdom, and little or no …, inflation appears to be (nearly) purely forward-looking, so that no mechanism introducing backward-looking components is … necessary to fit the data. These results question the notion that the intrinsic inflation persistence found in post-WWII U …

Measures of core inflation are designed to abstract the underlying trend in inflation from the headline measure of … inflation and it is considered as the component of price change related to monetary phenomena. In that regard, core inflation … can be considered as an important indicator of the inflation trends, which is useful for the conduct of monetary policy …

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 … on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the …

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 … model ; inflation ; price dispersion ; firm turnover …