, control of inflation and control over the growth of national wealth, and a third outcome of importance, a high level of …). The assignment problem considers whether fiscal policy should be used to control inflation, leaving monetary policy to …

for a sticky price environments, as it allows to understand stable-inflation boom-bust cycles. The source of the explicit …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyse the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat, but is less …

new conventional wisdom concerning the fiscal roots of inflation and the budgetary prerequisites for generating and … yields ambiguous predictions concerning the response of inflation to an increase in the fundamental deficit. In addition the …

natural rate of unemployment. In addition, because of differential inflation across countries, real exchange rates become …

Cross-country evidence on inflation and inequality suggests that they are positively correlated. I explore the …

inflation and the difficulties of East European central banks in pursuing non-inflationary policies. The main obstacles are the …

situation poses to price stability. We propose to regard the central banker as a risk manager who aims to contain inflation …