. 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. …

effort to determine the time paths of income, actual and expected inflation towards their long – run equilibrium values … effects on the equilibrium values of real stock of money, real income and actual and expected inflation, which ensue from the …

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. …

We document empirical regularities of disaggregated inflation and consumption and study whether multisectoral New … Keynesian models can explain them. We focus on higher moments of the inflation and consumption growth distributions as well as … on the contemporaneous comovement of these two variables. We find that the sectoral distributions of inflation and …

linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …