could attract even more hot money inflows, the People’s Bank of China should focus on tightly stabilizing the yuan/ dollar …China has been provoked into speeding renmnibi internationalization. But despite rapid growth in offshore financial … 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 …

Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under … on stationary hyperinflationary paths near the high-inflation steady state. The hyperinflationary paths are stable under …

Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar ….S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices …—with excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. …

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 …

affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment. …

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

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

This paper investigates the relationship between inflation and inflation uncertainty in twelve EMU countries. A time …-varying GARCH model is estimated to distinguish between short-run and steady-state inflation uncertainty. The effects of the …-state inflation has generally remained stable, steady-state inflation uncertainty and inflation persistence have both increased, and …