Search Results - subject_exact:"Inflation theory"

A Kaleckian approach to the financialization-distribution-inflation nexus : Germany and Austria in comparative perspective

Dabrowski, Cara - 2025

In this paper, I extend the Hein and Stockhammer model of distribution and inflation by incorporating structural trends of financialization through three Kaleckian channels: (1) sectoral recomposition, (2) financial overhead costs and rentiers' profit claims, and (3) the bargaining power of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015272896

The sky's the limit : the economics of inflation and hyperinflation

Segal, Paul - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463669

Government expenditure shocks and inflation : a new fiscal policy rule with monetary and fiscal interactions

Garcia-Barragnan, Fernando; Liu, Guangling - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015407699

A general theory of conflict inflation

Woodgate, Ryan - 2025

This paper develops a novel conflict inflation model to unify the analysis of stable and explosive inflation dynamics, addressing a central theoretical divide in the literature. After providing explicit foundations for wage and price setting behaviour, it is shown that inflation expectations...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439232

Navigating with a compass : charting the course of underlying inflation

Lourenço, Nuno; Quelhas, João; Rua, António - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015427110

Supply Chain Constraints and Inflation

Comin, Diego; Johnson, Robert C.; Jones, Callum - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015532617

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Supply chain constraints and inflation

Comin, Diego; Johnson, Robert C.; Jones, Callum - 2023

Book / Working Paper

Supply chain constraints and inflation

Comin, Diego; Johnson, Robert; Jones, Callum - 2023

Book / Working Paper

Supply Chain Constraints and Inflation

Comin, Diego; Johnson, Robert C.; Jones, Callum - 2023

Book / Working Paper

Inflation is always and everywhere : a conflict phenomenon : post-Keynesian inflation theory and energy price driven conflict inflation, distribution, demand and employment

Hein, Eckhard - 2024

This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation and profit shares in the course of the COVID-19 recovery and the Russian war in Ukraine. It distinguishes between the Keynes, Kaldor, Robinson, and Marglin tradition, and the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015057214

The inflation accelerator

Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014537349

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The inflation accelerator

Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, … - 2024

Book / Working Paper

The inflation accelerator

Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, … - 2024

Book / Working Paper

The Inflation Accelerator

Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, … - 2024

Book / Working Paper

A replication of anchored inflation expectations

Blagov, Boris; Guljanov, Gaygysyz; Kharazi, Aicha - 2024

Carvalho et al. (2023) propose a theoretical framework that explains longrun inflation expectations' dynamic using short-run inflation surprises and beliefs about monetary policy. In an empirical exercise, they show that this concise framework predicts long-term inflation expectations well over...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015083557

Cost-push and conflict inflation in theory and practice : with a discussion of the Italian case

Romaniello, Davide; Stirati, Antonella - 2024

This study contributes to the ongoing discussion surrounding the recent upswing in inflation by presenting an analytical framework and empirically examining inflation trends in Italy. Its primary aim is to unveil the underlying causes, distributive repercussions, and mechanisms through which...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014529503

Rethinking conflict inflation : the hybrid Keynesian-NAIRU character of the conflict Phillips curve

Palley, Thomas - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615540

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Rethinking conflict inflation : the hybrid Keynesian-NAIRU character of the conflict Phillips curve

Palley, Thomas - 2024 - Revised March 2024

Edition: Revised March 2024

Book / Working Paper

When should central banks fear inflation expectations?

Gobbi, Lucio; Mazzocchi, Ronny; Tamborini, Roberto - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014514071

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When should central banks fear inflation expectations?

Gobbi, Lucio; Mazzocchi, Ronny; Tamborini, Roberto - 2024

Book / Working Paper

Kaleckian models of conflict inflation, distribution and employment : a comparative analysis

Hein, Eckhard; Häusler, Christoph - 2024

This paper conducts a systematic comparison of two main textbook variants within the Kaleckian tradition of post-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt (1987), and the Hein (2023a) and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014456520

Shockflation in the EU : sectoral shocks, cost-push inflation and structural asymmetries in core and periphery countries

Ferreira, Vicente; Ferreira, João; Guarascio, Dario; … - 2024

The return of inflation in Western economies has fueled the debate on its main drivers, bringing sector-specific shocks and supply chain bottlenecks to the forefront. Building on the seminal approach of Weber et al. (2024), this paper develops a method to assess the degree of exposure to these...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135272

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Shockflation in the EU : sectoral shocks, cost-push inflation and structural asymmetries in core and periphery countries

Ferreira, Vicente; Ferreira, João; Guarascio, Dario; … - 2024

Book / Working Paper

Does the fiscal theory of the price level explain US postwar behaviour?

Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2024

We implement a quantitative empirical test of the fiscal theory of the price level (FTPL) model via indirect inference, comparing it to a standard New Keynesian model. The FTPL alternative creates a serious instability problem because it triggers a 'doom loop'in which inflation pushes up...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015149626

Conflict theories on inflation : a note

Cachanosky, Nicolás; Ocampo, Emilio - 2024

Recent inflationary episodes in advanced economies have reignited interest in Conflict Theories of Inflation (CTI), which attribute price level increases to conflicts over income distribution rather than monetary factors. These heterodox perspectives, rooted in Marxist and post-Keynesian...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015578272

Relative-price changes as aggregate supply shocks revisited : theory and evidence

Afrouzi, Hassan; Bhattarai, Saroj; Wu, Edson - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560543

Discussion of "Relative-price changes as aggregate supply shocks revisited : theory and evidence" by Hassan Afrouzi, Saroj Bhattarai, Edson Wu

Schoenle, Raphael - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560545

Anchored inflation with differential inflation benchmarks

Michl, Thomas R. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615543

Is inflation caused by conflict?

Cachanosky, Nicolás; Ocampo, Emilio - 2023

We offer a critique of a paper recently published Lorenzoni and Werning (2023). The paper seeks to make a) an original contribution to the hypothesis that inflation is primarily caused by conflict, and b) reconcile the Post-Keynesian and New-Keynesian traditions. In the first section the authors...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014249511

'Overcoming the Inflation Theory : A the Battle for Economic Stability'

Angelov, Ivaylo - 2023

Inflation is a persistent challenge that affects economies globally. The battle against inflation is crucial for maintaining economic stability and promoting growth. This study aims to examine the strategies employed by the United States to overcome inflation and maintain economic stability. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014257613

Is Inflation Caused by Conflict?

Ocampo, Emilio; Cachanosky, Nicolás - 2023

We offer a critique of a paper recently published Lorenzoni and Werning (2023) that seeks to make an original contribution to the hypothesis that inflation is primarily caused by conflict and reconcile the Post-Keynesian and New-Keynesian traditions. L&W’s paper has two sections. In the first...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014350518

Testing the Sellers’ Inflation Theory : The Role of Markups

Baioni, Tomás - 2023

2021-2022 marks the period where inflation accelerated globally, after more than 10 years of low and stable inflationary pressures. Many economists have asserted the causes of this recent increase in inflation: external pressures, driven by a surge in international prices due to the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014352529

Inflation is always and everywhere ... a conflict phenomenon : post-Keynesian inflation theory and energy price driven conflict inflation

Hein, Eckhard - 2023

This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation and profit shares in the course of the Covid-19 recovery and the Russian war in Ukraine. It distinguishes between the Keynes, Kaldor, Robinson, and Marglin tradition, and the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014437285

Wages, inflation and a negative supply shock

Stiglbauer, Alfred - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014285309

A fiscal theory of persistent inflation*

Bianchi, Francesco; Faccini, Renato; Melosi, Leonardo - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014391969

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A fiscal theory of persistent inflation

Bianchi, Francesco; Faccini, Renato; Melosi, Leonardo - 2023

Book / Working Paper

Inflation surprises in a New Keynesian economy with a "true" consumption function

Tamborini, Roberto - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015123747

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Inflation surprises in a New Keynesian economy with a true consumption function

Tamborini, Roberto - 2023

Book / Working Paper

Inflation surprises in a New Keynesian economy with a true consumption function

Tamborini, Roberto - 2022

Book / Working Paper

The transmission of supply shocks in different inflation regimes

Arndt, Sarah; Enders, Zeno - 2023

We show that the impact of supply and monetary policy shocks on consumer prices is state-dependent. First, we let the data determine two inflation regimes and find that they are characterized by high and low inflation volatility. We then identify upstream supply shocks using instrumental...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014444690

The Portfolio Theory of Inflation and Policy (In)Effectiveness

Bossone, Biagio - 2023

This article revisits the Portfolio Theory of Inflation (PTI), with a view to further articulating its findings and implications. The article adds to the micro-foundations of the PTI, framing more rigorously the role of global investors as international allocators of capital resources, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014579872

Inflation

Olney, Martha L. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015421140

Turning Points in Inflation : A Structural Breaks Approach with Micro Data

Cavallo, Alberto; Garcia Zavaleta, Gaston - 2025

We introduce a novel methodology for detecting inflation turning points that com-bines high-frequency, disaggregated price data with standard structural break techniques to provide policymakers with more timely and precise signals of inflation dynamics. The methodology consists of three key...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450857

A monetary-fiscal theory of sudden inflations

Bassetto, Marco; Miller, David S. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015459347

Does the fiscal theory of the price level help to explain the us economy?

Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015506773

Getting to the Core : Inflation Risks Within and Across Asset Classes

Fang, Xiang; Liu, Yang; Roussanov, Nikolai - 2022

Do "real" assets protect against inflation? Core inflation betas of stocks are negative while energy betas are positive; currencies, commodities, and real estate also mostly hedge against energy inflation but not core. These hedging properties are reflected in the prices of inflation risks: only...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013334388

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Getting to the core : inflation risks within and across asset classes

Fang, Xiang; Liu, Yang; Roussanov, Nikolai - 2021

Book / Working Paper

Getting to the Core : Inflation Risks Within and Across Asset Classes

Fang, Xiang; Liu, Yang; Roussanov, Nikolai L. - 2021

Book / Working Paper

The role of global and domestic shocks for inflation dynamics : evidence from Asia

Finck, David; Tillmann, Peter - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013468558

Rudimentary inflation conflict models : a note

Martin, Bill - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013369718

Inflation regimes and hyperinflation : a Post-Keynesian/structuralist typology

Bastian, Eduardo F.; Charles, Sébastien; Marie, Jonathan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014633990

Minsky theory of inflation : an empirical analysis of OECD countries

Kim, Hongkil - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014575709

Wage and price setting in a post-Keynesian theory of inflation

Arestis, Philip; Skuse, Frank - 2024

This paper attempts to put forward a post-Keynesian theory of inflation. This story is built around two interconnected relationships: the wage relationship emanating from conflict theory, and the pricing relationship which is based on the markup hypothesis and the degree of monopoly. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015084530

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Wage and price setting in a post-Keynesian theory of inflation

Arestis, Philip - 1991

Article

Why do workers dislike inflation? : wage erosion and conflict

Guerreiro, João; Hazell, Jonathon; Lian, Chen; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015210304

Chapter 15. Financial Markets, Unemployment and Inflation Within a Circuitist Framework

Parguez, Alain - 2024

This paper addresses within a circuitist framework the fundamental relationship between financial markets and unemployment. It is shown that financial markets generate very strong constraints on firms’ planned expenditures and banks’ credit supply. These constraints explain both the inverse...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015602763

Inflation is always and everywhere not conflict

Hagedorn, Marcus - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014559148

What drives inflation and how? : evidence from additivemixed models selected by cAIC

Baumann, Philipp F. M.; Rossi, Enzo; Volkmann, Alexander - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012601829

Inflation Dynamics : A Structural Econometric Analysis

Galí, Jordi; Gertler, Mark - 2021

We develop and estimate a structural model of inflation that allows for a fraction of firms that use a backward looking rule to set prices. The model nests the purely forward looking New Keynesian Phillips curve as a particular case. We use measures of arginal cost as the relevant determinant of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013246492

Money and inflation in the Euro-Area : a case for monetary indicators?

Gerlach, Stefan - 2002

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015583881

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Money and inflation in the Euro-Area : a case for monetary indicators?

Gerlach, Stefan - 2002

Book / Working Paper

Money and Inflation in the Euro Area : A Case for Monetary Indicators?

Gerlach, Stefan; Svensson, Lars E. O. - 2021

Book / Working Paper

Money and Inflation in the Euro Area : A Case for Monetary Indicators?

Gerlach, Stefan; Svensson, Lars E. O. - 2013

Book / Working Paper

Money and Inflation in the Euro Area : A Case for Monetary Indicators?

Gerlach, Stefan - 2000

Book / Working Paper

Relative-price changes as aggregate supply shocks

Ball, Laurence M. - 1995

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001209960

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Relative-Price Changes as Aggregate Supply Shocks

Ball, Laurence M.; Mankiw, Nicholas Gregory - 2021

Book / Working Paper

Relative-Price Changes as Aggregate Supply Shocks

Ball, Laurence - 1992

Book / Working Paper

A frictionless view of US inflation

Cochrane, John H. - 1999

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001392915

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A frictionless view of US inflation

Cochrane, John H. - 1998

Book / Working Paper

A Frictionless View of U.S. Inflation

Cochrane, John H. - 2021

Book / Working Paper

A Frictionless View of U.S. Inflation

Cochrane, John H. - 1998

Book / Working Paper

A Strategic Theory of Inflation

Kurz, Mordecai - 2021

A strategic mechanism of price adjustment is introduced to explain inflations in the U.S. during 1909-1974. The mechanism follows from our theory that when the profit rate is above a normal-target rate, competitive forces operate to lower prices while if the profit rate is below the target a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013219316

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A Strategic Theory of Inflation

Kurz, Mordecai - 1979

Book / Working Paper

The inflationary impact of wage indexation

Heinemann, Frank - 2003

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001734539

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The inflationary impact of wage indexation

Heinemann, Frank - 2003

Book / Working Paper

The Inflationary Impact of Wage Indexation

Heinemann, Frank - 2021

Book / Working Paper

Escaping Nash Inflation

Cho, In-Koo; Sargent, Thomas J. - 2021

Mean dynamics govern convergence to rational expectations equilibria of self-referential systems under least squares learning. We highlight escape dynamics that propel away from a rational expectations equilibrium under fixed-gain recursive learning schemes. These learning schemes discount past...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320318