In most highly-developed economies, governments have handed management of inflation entirely over to their central … banks, and for good reason. With inflation largely beaten by central bankers for nearly five decades, there has been little … ideal. While central banks today say that they are aiming for a "soft landing" in which inflation slows but major economies …

recursive interaction with inflation as integral to it. This treatment underlay both his 1920s work on the business cycle as a … deployment of his analysis of expected inflation on nominal interest rates, and, indirectly, in its espousal of the case for …

component explains much less of the variation in sectoral regional inflation rates and exhibits much less volatility than …

. To illustrate, when cash prices are equally distorted in both models equally large welfare costs of inflation are …

This paper presents evidence on the lag between monetary policy actions and the response of inflation in the euro area … monetary policy regime thereafter. Results based on alternative definitions of inflation persistence support these findings …, although, they suggest that at the country level, a drop in German inflation persistence and a sizeable shift in the mean of …

-run inflation-unemployment tradeoff. …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth? describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …