Inertial inflation is a situation where all prices in an economy are continuously adjusted with relation to a price index by force of contracts. Changes in price ...
Jul 1, 2011
Jan 16, 2014
What is the meaning of
Answer (1 of 1): In modern industrial economies like the United States
Abstract. This paper develops a theory of inflationary intertia based on forward ...
To account for the
The literature related to
Jan 5, 2012
if there is such a thing as an economy with a rock-solid inflation rate of 40 per
cent, ... of the US, there is an ongoing debate on the extent to which
This paper develops a model of
The assumption of
An evolutionary theory of