variability over a prolonged period of time, against a background of high inflation. Convergence toward international relative and …

estimate a New Keynesian Phillips curve for Armenia, suggesting a significant role of the output gap and inflation expectations … in determining current inflation. Finally, the underlying fiscal stance over the period 2000-09 is assessed by estimating …

The paper examines the association and corporate behavior for a sample of manufacturing firms in India for the post … India, especially listed ones, seem to exhibit relationship lending …

sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level …

This paper examines the implications of elevated global food prices for inflation in select Central Asian economies … - Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The findings suggest that global food inflation has significant … short-run effects that build over time. Inflation outcomes simulated under alternative global wheat price assumptions …

. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality … structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery. …

in terms of the sectoral savings-investment balance. Persistently high inflation is found to have depressed real returns … outward spillovers to and from India. The results show that output shocks emanating in globally systemic countries have … important global effects, but their impact on India is limited. It is found that shocks originating in India have relatively …