Several explanations have been put forward for the observation that massive inflation has not appeared as a result of … put forward for this observation, but none of them can explain the huge gap between monetary inflation and price inflation …. The alternative explanation presented in this paper is that monetary inflation is more reflected in stock prices than the …

quantitative easing has been necessary, and whether it is likely to result in higher demand or instead show up in higher inflation …

number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing … demand and supply over the past five decades. The most recent factor estimates indicate that the inflation surge since mid …

number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing … demand and supply over the past five decades. The most recent factor estimates indicate that the inflation surge since mid …

For the last 40 years, macroeconomics has been dominated by Milton Friedman's view that inflation occurs when the … inflation is always due to an imbalance of money supply and output, central banks alone determine the path of inflation, and … inflation reflects spending and saving patterns which are affected by political choices, it is fundamentally a political …

interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However …