essential, welfare costs of inflation, and the interaction between money and capital accumulation in economic growth models …

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …

growth, inflation rate, and exchange rate on the balance of payments by net foreign assets (NFA) in 17 developing countries … results indicate that domestic credit, interest rate, inflation and exchange rate have a significantly negative, while real …

We investigate the effectiveness of an aggressive anti-inflation monetary policy on the ability of agents to achieve … rational expectations equilibrium (REE) forecasts of inflation. An aggressive anti-inflation policy includes a willingness to … respond more forcefully to deviations from an inflation target. Using an adaptive learning framework, we develop a model that …

Observed inflation targets around the industrial world are concentrated at two percent per year. This chapter … investigates the extent to which the observed magnitudes of inflation targets are consistent with the optimal rate of inflation … of inflation ranges from minus the real rate of interest to numbers insignificantly above zero. Furthermore, we argue …

TIPS and similar-maturity conventional Treasury securities to estimate changes in the market's expectation of inflation is … federal funds target rate cuts by the Federal Reserve. Near-term and longer-term inflation expectations appear to have …