formation and inflation in a number of small, classical macroeconomic models. This amounts to reworking some of the government … crowding-out pressure it represents. A better measure would be the inflation-and-real-growth-corrected, cyclically adjusted …-Wallace "paradox" - in the variable velocity model ,lower monetary growth now may mean higher inflation now and in the future -has its …

and so on domestic wage and price inflation. In this paper we show that, in a model which is 'super-neutral' and has … exchange rate does not succeed in cutting the output costs of reducing steady-state inflation. Those output and unemployment …. Relative to other policies which achieve the same effect on steady-state inflation, exchange rate overshooting brings inflation …

consequences 0 cots in public spending for the rate of inflation. Monetary financing is viewed as the residual financing mode, with … public consumption spending will lower the inflation rate n the revenue-efficient region of the seigniorage Laffer curve …. When there are cuts in public sector capital formation , the inflation rate ran rise even in the seigniorage …

or unsound argument'. The 'fiscal theory of the price level', recently re-developed by Woodford, Cochrane, Sims and … proponents of the fiscal theory of the price level do not accept the fundamental proposition that the government's intertemporal …. Policy conclusions could be drawn from the fiscal theory of the price level that would be harmful if they influenced the …

interest rates are associated with significantly lower interest volatility, a lower average rate of inflation, which will be …

conventional wisdom concerning the fiscal roots of inflation and the budgetary prerequisites for generating and stopping … inflation implications from an increase in the fundamental deficit and is incapable of generating hyperinflation. The only … borrowing. There is not yet any "deep structural" theory justifying the (exogenous) lower bounds on the stock of foreign …