do not force a central bank to tolerate higher inflation, but may generate a tradeoff between the central bank …'s objectives for inflation and real activity. The presence and size of this tradeoff depends on how flexible prices are in the …

Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …

We use an estimated medium-scale HANK model to investigate how the tradeoff between stabilizing inflation and … demand shocks via their exposure to highly procyclical profits-for them, stabilizing consumption and inflation coincide. The … poor are more vulnerable to supply shocks, hence aggressively stabilizing inflation is costly in terms of their consumption …

The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of …

inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector …Several explanations of the “great inflation moderation” (1982-2006) have been put forth, the most popular being that … inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as …

paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this …This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …

chartalist, respectively), the rate of wage inflation depends on either unemployment or the wage-setting policies of the … inflation affects aggregate demand through its impact on the value of assets and debts. Bank rates depend on an endogenous …

inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector …Several explanations of the "great inflation moderation" (1982-2006) have been put forth, the most popular being that … inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as …