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The Curse of Inflation Erik Eyster, Kristof Madarasz, and Pascal Michaillat ∗ November 26, 2014 ABSTRACT This paper proposes a model that explains the nonneutrality of money from two welldocumented psychological assump
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Document Date: 2015-02-27 11:12:10

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Ithaca / /

Company

the New York Times / Zbaracki / Customers (“Firms tacitly agree to stabilize prices perhaps out of fairness to customers”) Ranking / MCi / /

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Belgium / France / Austria / United States / Netherlands / Canada / Portugal / United Kingdom / Luxembourg / Sweden / Spain / /

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USD / cent / /

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technology shocks / search costs / higher technology leads / transportation mixup / /

Organization

Economic and Social Research Council / Centre for Macroeconomics / STICERD / Department of Economics / London School of Economics / Department of Management / /

Person

Ricardo Reis / Nicola Gennaioli / Pascal Michaillat / Xavier Gabaix / John Leahy / Emi Nakamura / Daniel Benjamin / Kristof Madarasz / Erik Eyster / David Romer / Silvana Tenreyro / Filip Matejka / Mark Gertler / Klaus Schmidt / Guillaume Rocheteau / Matthew Rabin / /

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Position

economist / businessmen in the UK / /

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New York / /

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the New York Times / /

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