volatility) can have adverse effects on real output, through excessively high and persistent levels of inflation. Lack of … have also become a drag on real output. In order to promote growth, policies should be devised to control inflation; to …

Empirical evidence that migrants send home more remittances after disasters raises the question of whether remittances … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …

Remittances have greatly increased during recent years, becoming an important and reliable source of funds for many … developing countries. Therefore, there is a strong incentive for receiving countries to attract more remittances, especially … apply a two-step method akin to two stage least squares to deal with the endogeneity of remittances and potential …

countries. We analyze a novel bank-level data set from Nepal, where a steady inflow of remittances has contributed to foreign …

stronger bargaining position when they try to prevent a cut in money wages. If inflation is so low that some money wages have … to be cut, workers‘ stronger bargaining position requires higher unemployment in equilibrium. However, inflation is more … stable when money wage rigidity binds, providing an incentive for monetary policy makers to choose a low target for inflation …

economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country’s inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …

compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …