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As a consequence of the crisis of 2007/2008, which started in the United States of America within the financial sector and which then spread to the real sector, the governments of several countries had to bail out financial institutions and companies. Central banks, especially in the U.S. and Europe injected liquidity in large volumes into the markets in order to stabilize the financial sector, a process which might produce higher inflation. This article discusses how inflation is measured and found that the measurement does not include adequately the development of prices of financial assets. Furthermore, it discussed that money supply should include loans, as credit serves as money and has an impact on inflation. One of the main conclusions is that there is a real possibility that inflation rates will increase in the medium term future. [ABSTRACT FROM AUTHOR]

Production of information and knowledge is booming. Access to and availability of information and knowledge are better than ever before. However, we can observe companies and countries which use existent knowledge more effectively than others. This paper describes the role of information and knowledge in economic theory, discusses the difficulties of transferring knowledge and analyses the fact that in many cases created knowledge does not get introduced to markets. Innovation and entrepreneurship are the missing link that should be strengthened in order to transform knowledge into new products, processes, services, and markets. That is why changes are necessary within companies as well as in the education system in order to apply and commercialize more of the generated knowledge. [ABSTRACT FROM AUTHOR]