general validity: (a) deficits lead to inflation and stopping inflation requires elimination of deficits; (b) a major effect … of inflation is a large shift of the tax burden from capital to labor; and (c) shocks to labor supply, such as massive …

Analyzing inflation as a change in the value of a currency, rather than changes in prices of goods and services …, provides perspective on three fundamental sources of inflation.A Money Value Formula produces a significant statistical fit … with forward long-term inflation rates using long lags of monetary aggregates with inflation variability due almost …

explain virtually all variation of future long-term inflation, enabling significantly more accurate inflation forecasts than … inflation in all 18 countries surveyed. Over 94% of the variation of long-term inflation is explained in 13 of the 18 countries … sample forecasts for U.S. inflation are 50% more accurate (smaller error) than consensus long-term forecasts and 10-20% more …

predictions about the level of price dispersion, as well as about its dynamic properties and sensitivity to inflation. These … dispersion and inflation, and the role of sales in this relationship …

Low and unresponsive inflation has been termed a “puzzle.” The paper describes a formula for which these conditions … variability of forward long-term inflation. Its U.S. inflation forecasts are comparable to recognized leaders in accuracy with … potential applicability to international economies as well.Inflation Elasticity, the responsiveness of inflation to monetary …

Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …

Is inflation a monetary phenomenon? In the decades since the influential work of Milton Friedman, the great moderation … structural change in the underlying relationship between money growth and inflation, there is limited understanding as to why … important impact on the relationship between excess money growth and inflation. Estimating these effects using a long run sample …

The paper examines a wide variety of models forecasting inflation, consumer survey, professional survey, judgmental … mark a return to inflation below central bank targets, but there is no visibility for timing of this development …