natural rate to a fertility shock crucially depends on the preference parameter determining how households weight generations … population growth has lowered both the natural rate and inflation by about 0.4 percentage points in recent decades. …

, effective revenue ceilings induce an increase in deficit, debt and inflation. Under many scenarios, including recurrent adverse …

responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …

Excessive inflation is usually attributed to the lack of central bank's credibility. In this context, most of the …. Indeed, the degree of central bank's transparency influences the effectiveness of its policy to stabilize inflation in terms …

current operating procedures and make monetary policies more effective in fighting inflation. …

Empirical evidence suggests consumers rely on their shopping experiences to form beliefs about inflation. In other …. Learning by shopping anchors households' beliefs about inflation to its past, causing disagreement with firms over the value of … inflation, increases the degree of anchoring of households' inflation expectations, and flattens the slope of the Phillips curve …