The paper analyzes the effects of financial liberalization on steady-state inflation. We develop an overlapping … sign of the inflation-financial repression relationship depends crucially on the elasticity of substitution between the …

, on growth and inflation. When the model is calibrated to match world figures, we find that interest rate deregulation … enhances growth and reduces inflation in steady-state. For relatively smaller transaction costs in the curb market, the above … restore the growth-enhancing (inflation- reducing) capabilities of interest rate deregulation. Lower reserve requirements …

the rate of growth and inflation. Following the current trend in the literature the size of obligatory cash reserve … choice of policy and, hence, policy makers should proceed with caution if low inflation and high growth are the major …

The negative relationship between growth and inflation is well-documented in the literature. However, recent evidences … tend to indicate of a possible growth-inflation trade-off. This paper provides a theoretical explanation to the above … analyze the impact of financial liberalization on growth and inflation. We show that including financial repression in the …

In this paper we evaluate inflation persistence in the U.S. using long range monthly and annual data. The importance of … inflation persistence is crucial to policy authorities and market participants, since the level of inflation persistence … generating process, in order to enhance the robustness of conclusions. Overall, we find that inflation persistence is high from …

The existing literature on the theoretical relationship between the rate of inflation and real stock prices in an … economy has shown varied predictions about the long run effects of inflation on real stock prices. In this paper, we present … that, in the long run real stock prices are invariant to permanent changes in the rate of inflation. The impulse responses …

This study investigates the asymmetric and time-varying causality between inflation and inflation uncertainty in South … features of inflation series simultaneously by measuring inflation uncertainty as the conditional variance of inflation …’s hypothesis. This implies that past information on inflation can help improve the one-step-ahead prediction of inflation …