currency rationing. This in turn ignites inflation due to external bottlenecks since many sectors face supply constraints as … growing distributive conflict and fuels inflation further, as workers oppose to the lowering of real wages. Moreover, the … parallel market devaluation-inflation spiral, which threatens to turn into hyperinflation. Nevertheless, we argue that …

This paper shows that the effect of inflation on asset prices and real aggregates depends on the financial … inflation lead to a wealth transfer across sectors. Higher inflation decreases firms' real liabilities and default risk, which … theoretically that the ultimate effect of inflation depends on the tightness of financing constraints in the intermediation sector …

We provide Bayesian estimates of an empirical model of consumer price inflation for Turkey based on the hybrid New … real marginal costs does a better job in explaining consumer price inflation compared to alternative models which … incorporate real unit labor costs. On the other hand, estimations for services inflation point to the importance of real unit …

. Even so, Leijonhufvud's subsequent work on the costs of inflation had an important influence in establishing this …

We show that the New-Keynesian (NK) model of inflation can be interpreted as a forward-looking cointegrated model. This …

and inflation. Simultaneous monetary policy and macroprudential policy shocks do not alter the reaction of inflation … die Auswirkungen von monetären Schocks auf die Volatilität der Finanzvariablen, nicht aber der Produktion und Inflation …. Gleichzeitige geldpolitische und makroprudenzielle Schocks verändern die Reaktion der Inflation im Vergleich zu einem …

model presents a "price rule" for government spending that ensures that the ELR is not a source of inflation. Indeed, the …

The paper examines how relative price shocks can affect the price level and then inflation. Using Indian data we find …: (i) price increases exceed price decreases. Aggregate inflation depends on the distribution of relative price changes-inflation … rates increases inflation, and are significant in estimations of New Keynesian aggregate supply, (iii) an average Indian …

savings and the capital market. Furthermore, a few links between interest rates and inflation are addressed, they arise in the …