zeigt auf, warum unser Wohlstand, der noch auf den Reformen von Ludwig Erhard beruht, in Gefahr ist. Die Inflation ist kein …

We revisit the estimation of the welfare costs of inflation originating from lack of liquidity satiation for 11 low-inflation … and 5 high-inflation countries, and for Weimar Republic's hyperinflation. Our evidence suggests that, contrary to the … GDP. The welfare costs of inflation in the Euro area are about twice as large as in the U.S., thus suggesting that …

We implement a survey-based randomized information treatment that generates independent variation in the inflation … expectations and the uncertainty about future inflation of European households. This variation allows us to assess how both first … and second moments of inflation expectations separately affect subsequent household decisions. We document several key …

pt. 1. Inflation and welfare -- pt. 2. Money demand and velocity -- pt. 3. Inflation and growth -- pt. 4. Monetary …

We estimate the effect of global supply chain disruptions on inflation for a panel of 28 European countries. Adverse …

for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize … actual or threatened depreciation in the value of a nation's currency. Drawing on historical attempts to counter inflation …, Sargent finds that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated …