In this note, we develop a search-based monetary growth model to analyze the growth and welfare effects of inflation … inflation to those from a standard cash-in-advance (CIA) growth model. We �find two important differences between the two … approaches. First, while the growth effect of inflation operates solely through endogenous labor supply in the CIA model, the …

confirmed at company level, whether it is robust to controlling for inflation expectations and whether it is concentrated among …

formulated at the beginning, one also notes that inflation has a negative effect on the economic growth. These results emphasize …

employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different …

Studies on Malaysia monetary policy mostly examine the effect of monetary policy change on output and inflation in … study on the effect of policy change on disaggregated inflation. This paper attempts to examine the later issue by employing … index, we find that a modest monetary policy shock results in varying degree of responses in disaggregated inflation. In …

determine the current inflation rate or price level. We conclude that the previous literature has either committed mathematical … involving infinity, we analyze inflation targeting (IT) in a typical rational-expectations, pure-exchange, general …