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Hyperbolic Discounting and Positive Optimal Inflation
optimal monetary policy inflati on targeting unemployment Phillips curve nominal inertia monetary policy
2012/10/30
The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation opt...
The rate of price increases decelerated in both the retail and primary markets, with the Consumer Price Index posting its lowest quarterly rise since 1965.
Producer price inflation accelerates in 2007 due to rising prices for energy and food
Producer price inflation rising prices 2007 food
2009/3/18
Prices for energy goods surged in 2007, after falling in 2006, while food prices increased more than they had a year earlier; in contrast, the stage-of-processing indexes for goods excluding foods and...