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 …

—with excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. …

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

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

this strategy and thus anchored inflation expectations. Secondly, in order to ensure the sustainability of the regime, the …

. After deriving the restrictions that the Barro and Gordon model imposes on a time series model for inflation and output, we … show that the time inconsistency problem can explain both the short-run and the long-run behaviour of inflation and output …

inflation economy characterized by relatively frequent administrative price adjustments. Fluctuations of market determined …

allow for possible simultaneity problems, such as might exist between the rate of change of money wage and the inflation …