. The authors find substantial evidence of convergence in a number of dimensions. The pattern of growth at the country …, sector, and firm levels shows rapid growth of the new private sector and of the micro and small-firm sectors, with the size …

economies. Nonetheless, developing country growth remains fairly robust. Notably, India continues its path towards sustained and … faster growth as well as macroeconomic stability thereby paving the way for a solid regional performance in South Asia. While … side as well as sustaining investment and export growth through structural reform and prudent macroeconomic policy. The …

There is widespread consensus among economists that high inflation is often caused by the government's need to raise … follow a Laffer curve, where seignorage first rises and them falls with higher inflation. If so, a rate of inflation exists … that maximizes steady-state inflation. Conventional estimates of the seignorage-maximizing rate of inflation often make use …

promote growth, and does not lead to increased fluctuations in output. But inflation targets do not necessarily reduce the … monetary policy. A key advantage of inflation targeting, is that it helps focus the political debate on what a central bank can … do in the long run (control inflation) rather than what it cannot do (raise economic growth, and the number of jobs …

consensus that high inflation is bad for economic development and growth, so it is unclear why governments have adopted unstable …In the past 20 years, high and extremely volatile inflation rates in Latin America have generally been associated with … (dec-) accelerating inflation as the cost of collecting information (rises) falls compared with other welfare losses. When …

the inflation process in both countries. The purpose of this paper is to understand the reasons that led to the large … instability in inflation in both countries, and to explain why neither country succeeded in sustaining a high, but stable rate of … inflation. This instability was not accompanied by a noticeable increase in the average rate of inflation. In Argentina …

poor are more likely than the rich to mention inflation as a top national concern. This result survives several robustness … percentage decline in poverty, and the percentage change in the real minimum wage - are negatively correlated with inflation in … pooled cross-country samples. High inflation tends to lower the share of the bottom quintile and the real minimum wage - and …

The authors used the policy game approach to gain insight into a problem that has puzzled analysts of high inflation … economies. Why are programs based on tight fiscal and monetary policies slow at reducing inflation in high inflation countries … to use surprise inflation in a discretionary manner to achieve short term goals ( e.g. eroding the real wage or the real …