inflation. Under discretion, an inflationary bias arises from the central bank’s attempt to redistribute wealth towards debtor … by the incentive to prevent expectations of future inflation from being priced into new bond issuances ; under certain … conditions, long run inflation is zero as both effects cancel out asymptotically. For a plausible calibration, we find that the …

medio-largo plazo ; We empirically explore the influence of inflation on fiscal variables in the short, medium and long run … influence of inflation on changes in public debt ; (ii) accounting decompositions of nominal revenue and expenditure items into …

thinkers who support public debt with arguments justify this non-fiscal instrument to finance the budget deficit as well as …

die Wurzeln der Politischen Ökonomik in drei Strömungen aus Volkswirtschaftslehre und Politikwissenschaften. Der Theorie … makroökonomischer Politik, der Public-Choice-Theorie und der Rational-Choice-Theorie. Somit vereint die Politische Ökonomik die …

question and to estimate the model.My second chapter revisits the welfare cost of anticipated inflation in an incomplete … percent increase in inflation causes the welfare level go down by 2 percent if people are allowed to substitute time for money … provides an insurance channel to individuals against changes in the return on nominal balances through inflation as documented …