The paper developes a VAR macrofinance model of the Czech economy. It shows that yield misalignments from the yields …

-scale asset purchases. In more recent years, with inflation still below target and limited support from fiscal policy, several …

The introduction of inflation targeting in 2006, together with important economic developments such as dedollarization … structural break by employing a Markov-Switching VAR framework. Results support the existence of such a structural break around … the time inflation targeting was introduced and reduced levels of dollarization were observed. Results from introducing a …

halted appreciation and helped shore up the economy. Once growth recovers and inflation reaches more comfortable levels …, maintaining the exchange rate commitment risks stoking inflation and hence, a return to free floating would be desirable. The risk …

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

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 …