This paper attempts to shed further light on the primary determinants of Irish inflation. By way of introduction, the paper provides a critical assessment of the Irish literature to date within the context of several key international theories. Several areas of controversy surface from this...

This paper formulates a simple monetary model to analyse the role of money in the determination of inflation in Ireland. The model suggests that monetary disequilibrium can affect inflation directly via the exchange rate and indirectly by increasing the rate of inflation in the non-traded...

This paper attempts to shed further light on the primary determinants of Irish inflation. By way of introduction, the paper provides a critical assessment of the Irish literature to date within the context of several key international theories. Several areas of controversy surface from this...

This paper addresses the unresolved issues surrounding the determination of Irish inflation. The study tests the validity of i) a pure wage mark-up model ii) a pure small open economy model and iii) a hybrid model which fuses elements of i) and ii) over the period 1979:Q1-1995:Q3. Multivariate...

This study assesses the extent to which exchange rate changes affect Irish import prices (i.e. the extent of exchange rate pass-through, PT) by analysing data from the 1963 to 1995 period. The paper fills two important gaps in the literature: i) by making due allowance for the time series...

This paper examines whether monetary authorities should aim for low inflation or price stability. It first outlines and assesses many of the costs of inflation. Some of these, such as the distortionary effect upon the tax system, have been shown to involve significant welfare costs, even at very...