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

The paper analyses the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …

dispersion reduces welfare by creating mismatch between posted prices and money balances. Inflation exacerbates this welfare loss …

We study the welfare costs of inflation in a monetary general equilibrium model with networks in the labor market …. Inflation affects the consumption-leisure choice differently depending on job network structure; inflation hits harder in more … connected networks. In these networks, people consume more and enjoy more leisure, leading to higher welfare. Inflation reduces …

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. …

This paper studies the effect of inflation on welfare in a monetary economy with price dispersion and consumer search …. When facing greater price dispersion with higher inflation, consumers search harder for lower prices, and increased search … frictions to incorporate the interrelationship of money, search, and endogenous price dispersion. Inflation aspects welfare …

inflation. This relationship is strong in economies with high inflation, but weakens under low inflation. Based on these … findings, we study the dependence of the money-prices relationship on the level of inflation in Argentina along the last 35 … and inflation. Proportionality holds for the high inflation period but weakens under low inflation. Money velocity is …

spending decisions of enterprises and households and thus inflation. One way, to describe the relationship between real … interest rates and inflation, is based on our experience with the monetary theory of the price level. The quantity theory of … paper we use two simple descriptions of the long run link between real interest rates and inflation, and subsequently test …

sunspot that deanchors inflation expectations matches the main empirical features of the Japanese deflationary process during … the “lost decade”. The results also highlight the key role of the assumption about the anchoring of inflation expectations …