''s experience with ''inflation targeting lite'' as described in Stone (2003). It finds that this monetary policy regime has been … associated with a general reduction in inflation, principally through a reduction in inflation expectations. The credibility the … Bank of Mauritius has established with its ''inflation targeting lite'' regime has allowed it to shift from an emphasis on …

This paper analyzes the relationship between inflation tax and the level of government spending in a public finance … inflation tax becomes an increasing function of government spending. Furthermore, the more inefficient the tax collection system …, the larger the increase in the inflation tax for a given increase in government spending. A numerical analysis of the …

This paper explains why sovereign issuers of reserve currencies do not use unexpected inflation to repudiate their … excessive money creation. It is shown that even without policy precommitment or aversion to inflation, the availability of … alternative currencies can support an equilibrium with a finite, time consistent inflation rate …