creating inflation). Finally, I show that the highest welfare level is achieved when counterfeiting is costly, or when the …

This paper presents new nonlinear regression estimates of the relationship between inflation and economic growth for 80 … between 1961 and 2000. The paper consistently finds that higher inflation is associated with moderate gains in gross domestic … product growth up to a roughly 15-18 percent inflation threshold. However, the findings diverge when we divide our full data …

of intermediate-level collective bargaining, leading to persistently bad outcomes in terms of inflation and unemployment … bargaining structure in Spain are a determinant factor of the rates of unemployment and inflation. …

correction model, and a naive no-change model. The data pertains to the quarterly inflation rate in Turkey for the 1987 …The aim of this paper is to investigate the performance of the Phillips curve to forecast inflation in a high inflation … emerging market country by taking Turkey as a case. For this purpose, we compare the forecasting performance of the Phillips …

In this paper, we investigate the impact of market structure on the relationship between inflation and price dispersion …. We first propose a new empirical model of the relationship between inflation and dispersion with firmer theoretical …

include that a positive output gap would be less inflationary, but the cost of reducing inflation, once established, would …