Is Moderate-to-High Inflation Inherently Unstable?

Is There a Case for "Moderate" Inflation?

Alvin 1. Marty is a professor of economics and finance at the (enter for Business and Government, Baruch College, City University of New York. Daniel L. Thornton is an assistant vice president at the Federal Reserve Bank of St. Louis. Jonathan Ahlbrecht provided research assistance. The authors would like to thank, without implication, Phillip Cagan, David Laidler and Allan Meltier far comments...

Rights to healthcare in the United States: inherently unstable.

Inherently unstable networks collapse to a critical point.

Nonequilibrium systems that are driven or drive themselves towards a critical point have been studied for almost three decades. Here we present a minimalist example of such a system, motivated by experiments on collapsing active elastic networks. Our model of an unstable elastic network exhibits a collapse towards a critical point from any macroscopically connected initial configuration. Taking...

Unstable Inflation Targets∗

This paper studies long-run inflation targets and stability in an imperfect information environment. When central banks set an inflation target that is not fully communicated, agents draw inferences about inflation from recent data and remain alert to structural change in their econometric model by forming expectations from a forecasting model that is estimated via discounted least squares. Inf...

R120G αB-crystallin promotes the unfolding of reduced α-lactalbumin and is inherently unstable

α-Crystallin is the principal lens protein which, in addition to its structural role, also acts as a molecular chaperone, to prevent aggregation and precipitation of other lens proteins. One of its two subunits, αBcrystallin, is also expressed in many non-lenticular tissues, and a natural missense mutation, R120G, has been associated with cataract and desminrelated myopathy, a disorder of skele...