the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor …

. There exists an inflation threshold, below which real wage flexibility is low. We also find that a part of the heterogeneity …

This paper isolates the role of conflict or disagreement on inflation in two ways. In the first part of the paper, we … present a stylized model, kept purposefully away from traditional macro models. Inflation arises despite the complete absence … of money, credit, interest rates, production, and employment. Inflation is due to conflict; it cannot be explained by …

activity along with a protracted but relatively modest decline in inflation, following the rise in financial stress in 2008:IV …. The model does so even though inflation remains very dependent on the evolution of economic activity and of monetary …

inflation, during the Great Recession. According to the model the observed fall in total factor productivity and the rise in the … cost of working capital played critical roles in accounting for the small drop in inflation that occurred during the Great …