Developing country inflation is in the headlines again. Mainstream macroeconomics typically ignores the role of … monetary sources of inflation in the presence of real wage resistance and distributional conflict. The analysis shows that the … relatively small shock leads to sustained and accelerating inflation and a wage-price spiral, thanks to conflicting claims on …

This paper develops a simple structuralist model to deal with the relationships between inflation and external … formation", namely, the regime of price formation through which both real interest rates and inflation rates moved together …

. That disorder is likely to develop long before inflation accelerates so that inflation targeting fails to protect against …

. That disorder is likely to develop long before inflation accelerates so that inflation targeting fails to protect against …

. That disorder is likely to develop long before inflation accelerates so that inflation targeting fails to protect against …

indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …

This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over …. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a … inflation. …

inflation - is a central determinant of welfare, the cost of business cycles, the optimal rate of inflation, and the tradeoff … between inflation and output stability. While the comovement of price dispersion and inflation implied by standard models is … the data, the comovement of price dispersion and inflation turns positive. Nevertheless, I show that a wide variety of …