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 …

general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …

with credible inflation targeting, resulted in generally low inflation and interest rates. A liquid and conservative …

This Selected Issues paper analyzes current developments and outlook for inflation in the Czech Republic. Inflation in … koruna in mid-1997 pushed year-over-year inflation to more than 13 percent. The paper presents the IMF staff analysis that … shows that without interest rate increases, inflation is likely to begin to rise above the midpoint of the Czech National …