This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the … long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of …/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a …

Exchange rate-based inflation stabilization (ERBS) policies are associated with a boom-recession cycle in economic … forward-looking pricing behavior without inflation stickiness and attribute the slow decline in inflation to the consumption …-looking components of inflation weigh approximately equally in pricing behavior, and therefore, that inflation is partially sticky. The …

levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …

of inflation rates to decline to targeted levels during many disinflation programs? This paper assesses the relative … data, we find that expectations of future inflation play a much more important role than past inflation in shaping the … inflation process. We also find that an improvement in primary fiscal balances significantly reduces inflation expectations …

Persistently high inflation rates have led many to believe that inflation in Turkey has become "inertial," posing an … obstacle to disinflation. We assess the empirical validity of this argument. We find that the current degree of inflation …, expectations of future inflation are more important than past inflation in shaping the inflation process, providing little evidence …

U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well … economically small impact on longer-term inflation compensation embedded in U.S. Treasury bonds. The estimated effect is larger for … correlated with the variance of longer-term inflation expectations in the University of Michigan Survey of Consumers in the post …