. The downward trend in the money-income ratio can be accounted for by increasing inflation, falling reserve requirements …, or steady financial development. Whereas higher inflation and falling reserve requirements would reduce the potency of …

inflation-tax rate) or the reserve requirement ratio (the inflation-tax base). We first derive conditions under which each of …

Using survey data of inflation expectations across a 36 developed and developing countries, this paper examines whether … the adoption of inflation targeting has helped to anchor inflation expectations. We examine the response of inflation … expectations following a shock to inflation, inflation expectations, and oil prices. For the 13 countries that adopted inflation …

financial policy and analysis covering four areas: the emergence and taming of the great inflation, developments in US external …