predictions of a forward-looking model of inflation. Wealth effects of public debt could also affect inflation, as posited by the … fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt-inflation … inflation. …

inflation and posed a price puzzle insofar their evolution was not responsive to record low interest rates, double digit … commodities inflation, and sharp exchange rate depreciation. Commodities prices were shown to be driven by one common trend … accelerating commodities price inflation, subsequent world recession, and financial disorder; or tighten monetary policy with …

-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly … power of money growth for inflation is substantially lower in more recent sample periods compared to the 1970s and 1980s …. This cautions against using money-based inflation models anchored in very long samples for policy advice. …

inflation. The results also suggest that a disequilibrium in the money market has a lasting impact on inflation. The paper …

This article uses two analytical methodologies to understand the dynamics of inflation in Paraguay, the mark-up theory … of inflation and the monetary theory of inflation. We also study the impact of different monetary aggregates. The results … suggest that monetary factors, in particular currency in circulation, play a major role in determining long-run inflation …