This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government … limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers' social security …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat (especially for …

indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 … ability of money-based forecasts relative to a simple random walk benchmark model was high at medium-term forecasting horizons …

creating inflation). Finally, I show that the highest welfare level is achieved when counterfeiting is costly, or when the …

prices of most consumer goods. They are the main interface between producers of consumer goods and consumers, with around … substantial, as this accounts for, on average, about 25% of consumer prices. The purpose of this report is to analyse the … structural features of the distributive trades sector and the developments within it, as well as how these may influence prices …

prices of most consumer goods. They are the main interface between producers of consumer goods and consumers, with around … substantial, as this accounts for, on average, about 25% of consumer prices. The purpose of this report is to analyse the … structural features of the distributive trades sector and the developments within it, as well as how these may influence prices …

criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross …-check is shown to be effective in offsetting persistent deviations of inflation due to central bank misperceptions. JEL …

Money demand is probably one of the most extensively studies economic relationships in applied economics. While useful …

policy in most oil-exporting countries has been expansionary over the past years in the wake of high oil prices. Fiscal … expansion has added to inflationary pressure, and monetary policy has been constrained in tackling inflation as a result of … of high oil prices, pressures to increase public spending have been mounting. Such pressures stem from primarily …