This essay is a contribution to the empirical literature on the effect of inflation tax on capital structure. A simple …

equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …

The aims of this paper are estimate and forecast the Non-Accelerating Inflation Rate of Unemployment, or NAIRU, for … literature, an asymptotic theory for the Yule-Walker estimators of autoregressive parameters is developed. The paper provides …

and population welfare been suffering of both a persistent and high inflation during the four first years of its young … inflation is contained but wages and pensions arrears increase quickly. Such a situation is not sustainable in the short and we …

of the two. We compare the accounting definition of deficit with the economic definition which takes inflation into …

inflation, has remained unexplained in terms of its mathematical origins. Keynes had attempted to relate inflation to a … mechanism of "sticky wages and prices". Hitherto, such theories of inflation have remained unproven and disputable. Recently …, during the so-called "New Economy" era, characterized by a spread of electronic transactions and Internet commerce, inflation …

welfare, since it often reduces the union’s utility. In particular, we show that an inflation-neutral union will never find it …

Expected inflation is a major decision factor of various economic agents. Since expected inflation is not directly … observable, economists have been seeking ways of extracting market’s inflation expectations from observable variables. One of the … most reliable sources of inflation expectations is the term structure of interest rates. This paper presents the …