variables (typically the output gap) and solving the model for inflation in terms of the observables. In practice, the equation … not be appropriate. Thirdly, there are arguments that other variables, e.g.interest rates, foreign inflation and foreign … theoretically consistent measure of the steady state and provides a natural route for foreign inflation or output gap to enter the …

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 …

repression in domestic interest rates—to avoid an avalanche of foreign capital inflows that would threaten inflation and asset …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …