public deficits and inflationary pressures. The paper aims at discussing these new challenges. The inadequacy of inflation …

Based on panel data of 58 countries, of which 22 Inflation Targeters and 36 non Inflation Targeters, over the period … 1980-2003, this paper highlights the effect of Inflation Targeting – IT- on Fiscal Discipline –FD-. We make four …

central banks' monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …

discontinuity. We illustrate our techniques by analytically studying an economic model for the interplay between inflation and … interest rates. In particular, we investigate under which circumstances the central bank can prevent runaway inflation by …

consumer price indexes and inflation rates are done; …

The aim of this paper is to study the dynamic evolution of inflation rate. The model is constructed by extending the …

; above it, the economy eventually converges towards a Pareto-optimal rest-point while inflation raises in an unbounded …

fuels a financial inflation driven by "rational exuberance", whose burst leads to a global crash in the next period, 3) else … a significant inflation of commodity prices accompanies the functioning of markets. In particular, neither Friedman …