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 …

This paper discusses three aspects of stabilization and international integration: the real wage; inflation; and the … real effective exchange rate. Using empirical evidence on inflation and the real effective exchange rate, we evaluate the …