inflation such as the U.S. and Canada. For example, in Canada, a systematic review of the current inflation targeting framework … effects of inflation. This omission is likely to be important since the welfare costs of inflation depend not only on … assessing the redistributional effects of inflation in Canada that arise through the revaluation of nominal assets and …

examines whether they can be used to analyse the inflation-control problem. Given the close correspondence between the exchange … rate and inflation-targeting problems, the target-zone literature may help us better understand inflation dynamics and … central-bank credibility in the presence of inflation-control targets or ranges. While we find many common elements across the …

-zero trend inflation. We characterize the fiscal and monetary policies by a rule whereby a given fraction k of the government … measured by (1 - k), is positively related to trend inflation, and 2) when prices are sticky, k has significant effects on the …

inflation response to money shock, the liquidity effect and the sluggish price adjustment) are not robust. In an endogenous …

inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively …

The purpose ot this study is to test the hypothesis that inflation uncertainty increases at higher levels of inflation … conditional variance of the error term to be time-varying. Since this variance is a proxy for inflation uncertainty, a positive … relationship between the conditional variance and inflation would be interpreted as evidence that inflation uncertainty increases …

This paper examines the performance of M1 in an indicator model of inflation over time horizons as long as 16 quarters … the deviations of M1 from its long-run path provide "distant-early-warning" information about the future path of inflation. …

This paper surveys the empirical literature on the benefits of low inflation emphasizing contributions since 1990. It … at the costs of inflation, or the benefits of price stability, in the context of four themes: inflation creates … uncertainty about the future; there are costs of having to cope with inflation; inflation affects equity and fairness; and 'living …

A vector error-correction Model (VECM) that Forecasts inflation between the current quarter and eight quarters ahead is … found to privide significant leading information about inflation. The model focusses on th effects of deviations of M1 from …