results in more persistent inflation as well as output responses to shocks, than without the supply-side channel. We also … discuss the different monetary and fiscal policy regimes and their implication on the stability of inflation and output. …

to customers. A model shows that the cost- push effect of inflation, long known as Gibson’s paradox, intensifies … of interest rates with inflation or the log of the price level is present in data from the 1950s to present. …

This paper shows the way how persistent world inflation shocks hitting a small open economy can re-weight the … inflation. We derive a state-dependent Phillips curve based on translog preferences that make the elasticity of substitution of … disinflation on domestic inflation, as experienced in small open economies such as New Zealand, Chile and Peru. …

We analyse the possible impact of EMU enlargement on inflation rates in the accession countries. Using a simple … applied to the enlargement EMU: our findings indicate that (trend) inflation rates in the EMU candidate countries are likely …

in defense of the proposition that accelerating inflation was the inevitable logical consequence of permitting a process …

good approximation of U.S. inflation dynamics. By contrast, if the same estimates are constrained to yield a unique stable …

Our aim in this paper is to test the robustness of the relation between total factor productivity growth and inflation … period 1964-1980. The results confirm that the acceleration of inflation from 1964-1972 to 1973-1980 reduced total factor … effect of inflation is separated from the effects of technical change and economies of scale, the choice of functional form …

The empirical evidence suggests that there is a significant, negative relationship between inflation and economic …. Therefore the technology of the financial sector influences the velocity of money, and consequently, how inflation affects … generates an inflation-growth effect whose magnitude falls in the range found by the empirical studies. Moreover, in contrast to …