recommended) higher inflation and depreciation of the currency. He advocates non-transparent default on public debt in real terms … through higher inflation. Though he is very critical of Efficient Market Hypothesis, he is silent on advances in behavioural …

There is a widespread view that inflation or inflationary expectations are the only way to overcome the zero lower … overcome the zero lower bound on interest rate—without any inflation or inflationary expectations. A simple â …€˜old’ Keynesian model is used though the treatment is novel and in-depth. The article ends with a discussion that suggests that the ‘non-inflation …

explanatory variables, a factor analysis was carried out that resulted in two factors namely the inflation factor and the market …

The study analyzes the effect of inflation volatility on growth in the presence of different degrees of institutional … of 37 countries over the period 1989–2006 is estimated. While the level of inflation was found not to have a … significant effect on growth, which is in line with previous studies, inflation volatility does significantly impact growth even …

rounds of QE provided a significant boost to both growth and inflation in the USA and UK, whilst the evidence on the impact … policies to generate a material revival in bank lending. Meanwhile, fears that QE would fuel a sharp acceleration in inflation …

) has been to raise inflation targets to provide more room for policy rate easing during crises. This paper addresses a … different issue: the relationship between inflation and welfare. The literature is surveyed and a model is developed. A key … conclusion is that an increase in inflation targets gives rise to additional welfare costs, even after the extra room to maneuver …