. A model shows that the cost-push effect of inflation, long known as Gibson's paradox, intensifies destabilizing forces … interest rates with inflation or the log of the price level is present in data from the 1950s to present. …

. A model shows that the cost-push effect of inflation, long known as Gibson's paradox, intensifies destabilizing forces … interest rates with inflation or the log of the price level is present in data from the 1950s to present. -- Gibson's Paradox … ; Inflation ; Monetary Policy Rules ; Nonlinear Dynamics …

to customers. A model shows that the cost-push effect of inflation, long known as Gibson's paradox, intensifies … of interest rates with inflation or the log of the price level is present in data from the 1950s to present …

. Several theories of inflation theory are reviewed, with focus on the agencies causing inflation. A rediscovery of Marxian … inflation theory is proposed. …

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 …

-push inflation.In the mode,spending is driven in part by changes in the rate of interest, and the central bank sets the interest rate … using a policy rule based on the levels of output and inflation. The model shows that the cost-push effect of inflation …