This paper focuses on the role of debt maturity in managing the government’s incentives to use opportunistic inflation … powerful instrument to affect the time profile of the inflation tax base and, hence, to mitigate the distortions introduced by …

We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation …

Although accommodative policies and widespread indexation may account for the persistence of high inflation, they … cannot explain changes in the inflation rate. This paper examines the causes of such changes for the high-inflation episodes … distinguish between the “fiscal” and “balance of payments” views of the causes of high inflation by computing historical …

reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …

While inflation slowed sharply in Mexico during 1988, imports surged. Although the growth of domestic absorption could …

forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources …

rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but …