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 …

States in taking inflation into account when calculating Old Age and Survivor Insurance (OASI) Benefits. Because of the … receives an annual benefit more than $1,800 larger than would have been generated with full indexing. While the inflation …-run financial instability for the OASI trust fund in periods of substantial inflation or deflation. They make the percentage …

This paper studies inflation persistence with time-varying coefficient autoregressions for twelve central European … countries,in comparison with the United States and the euro area. Inflation persistence tends to be higher in times of high … inflation. Since the oil price shocks, inflation persistence has declined both in the US and euro-area. In most central and …

the aim of analysing counterfactually the globalisation effect on inflation. The main findings are (i) the effect is … globalisation impact as far as inflation persistence is concerned while the impact on inflation variability can be positive as well … as negative. Overall, globalisation is found to have contributed positively to lowering rather than stabilising inflation …

Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960–2005. The obtained negative relationship … this relationship: the marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent …