Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and …

Some channels through which increased inflation tends to reduce economic growth, and vice versa, are studied within a … potential impact of inflation on: (a) saving through real interest rates (or uncertainty); (b) the income velocity of money; (c …) the government budget deficit through the inflation tax and tax erosion; and (d) efficiency in production through the …

This paper reconsiders the relationship between inflation, economic growth and external debt, and discusses various … channels through which (a) increased inflation tends to reduce growth and raise foreign indebtedness over time and (b …) declining growth tends to amplify both inflation and debt. Based on a simple model of the simultaneous determination of …

Germany in the EMS and is consistent with the evidence that membership has induced several countries to disinflate more than …

-stock companies, but the vast majority of the industrial capital stock in Germany before 1914 was accounted for by firms which were …

We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …

accurate forecasts. We use the model to study the pass-through of an oil shock and to study the evolution of inflation during …