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Preface p.ix
I The Costs and Effects of Inflation
1 Toward an Understanding of the Real Effects and Costs of Inflation (with Franco Modigliani) p.7
2 Toward an Understanding of the Costs of Inflation: II p.35
3 Relative Stocks, Relative Price Variability, and Inflation p.71
4 Inflation, Unemployment, and Public Opinion Polls (with John Huizinga) p.123
II Wage Indexation and Disinflation
5 Wage Indexation and Macroeconomic Stability p.159
6 Indexing and Inflation p.193
7 Contracts, Credibility, and Disinflation p.221
8 Exchange Rate versus Money Targets in Disinflation p.221
III Indexation in the Capital Markets
9 The Demand for Index Bonds p.271
10 On the Nonexistence of Privately Issues Index Bonds in the U.S Capital Market p.301
11 Call Option Pricing When the Exercise Price Is Uncertain, and the Valuation of Index Bonds p.321
12 Welfare Aspects of Government Issue of Indexed Bonds p.333
IV Policy Issues
13 Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule p.365
14 On Activist Monetary Policy with Rational Expectations p.383
15 Dynamic Incosistency, Cooperation, and the Benevolent Dissembling Government p.413
16 Segniorage and the Case for a National Money p.431
17 Israeli Inflation and Indexation p.487
Index p.487
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