Daftar Isi:1. The Welfare Cost of Inflation in the Presence of Inside Money 2. An Open-Economy Model of Endogenous Price Flexibility 3. Rfficient Inflation Target for Distorted Dynamic Economies 4. Inflation and Welfare in Models with Trading Frictions 5. Good versus Bad Deflation Lesson from the Gold Standard Era 6. Monetary Policy Orientation in Times of Low Inflation 7. Observation on Disinflations in Transition Economies 8. Inflation and Financial Market Performance What Have We Learned in the Last Ten Years