Charles Nolan
Biographic Data
| ID | 5735602 |
|---|---|
| NAME | Charles Nolan |
| GIVEN NAMES | Charles |
| FAMILY NAME | Nolan |
| SIGNATURE | NOLAN C |
| AFFILIATIONS | University of St Andrews |
| VERIFIED | No |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 1 |
| WORKS AS AUTHOR | 3 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2002 |
| LATEST PUBLICATION YEAR | 2010 |
| H-INDEX | 1 |
Relative Price Distortions and Inflation Persistence
Sticky-price models often suggest that relative price distortion is a major cost of inflation. We provide an intuition for this: Even at low rates, inflation strongly affects price dispersion which in turn has an impact on the economy qualitatively similar to, and of the order of magnitude of, a negative shift in productivity. The utility cost of price dispersion is quantified and its impact on optimal monetary policy discussed. Price dispersion …
Religious Pioneers
Money, Debt and Prices in the United Kingdom, 1705–1996
This paper constructs a consistent series for the market value of UK government debt over almost 300 years, analysing how monetary and fiscal policy affect the path of the UK price level. Specifically, it examines the interactions between debts, deficits, the monetary base and the price level. Overall, the price level has been closely related to the evolution of the base money supply. Across different sample periods, there is little econometric e…
Relative Price Distortions and Inflation Persistence
Sticky-price models often suggest that relative price distortion is a major cost of inflation. We provide an intuition for this: Even at low rates, inflation strongly affects price dispersion which in turn has an impact on the economy qualitatively similar to, and of the order of magnitude of, a negative shift in productivity. The utility cost of price dispersion is quantified and its impact on optimal monetary policy discussed. Price dispersion …
Money, Debt and Prices in the United Kingdom, 1705–1996
This paper constructs a consistent series for the market value of UK government debt over almost 300 years, analysing how monetary and fiscal policy affect the path of the UK price level. Specifically, it examines the interactions between debts, deficits, the monetary base and the price level. Overall, the price level has been closely related to the evolution of the base money supply. Across different sample periods, there is little econometric e…
Religious Pioneers
Relative Price Distortions and Inflation Persistence
Sticky-price models often suggest that relative price distortion is a major cost of inflation. We provide an intuition for this: Even at low rates, inflation strongly affects price dispersion which in turn has an impact on the economy qualitatively similar to, and of the order of magnitude of, a negative shift in productivity. The utility cost of price dispersion is quantified and its impact on optimal monetary policy discussed. Price dispersion …
Economics (2 works) · Macroeconomics (2 works) · Monetary economics (2 works) · Monetary policy (2 works) · Monetary Policy and Economic Impact (2 works) · Price level (2 works) · American Constitutional Law and Politics (1 work) · Catholicism and Religious Studies (1 work) · Debt (1 work) · Dispersion (optics (1 work)