behavior, the fiscal deficit, inflation and the capital stock. Wage controls have been widely advocated as a response to the … capital decumulation and reduce inflation, since wage moderation implies higher government revenues from the profit tax and … degree of wage indexation is effective in lowering inflation if nominal wages do not provide, on average, full protection …

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …

will help to ensure rise in productivity, exports, and inflation pickup and reduce the foreign exchange risk. …

particular emphasis on macroeconomic management. The sharp depreciation of the exchange rate and high inflation significantly … undermined progress under the reform. High inflation partially reversed the relative price change under the reform. …

less of the stabilization burden on the fledgling inflation-targeting framework. GDP growth has remained strong …

monetary and fiscal policy, however, could help improve the inflation-output variability trade-off. The fiscal rule is designed … of the fiscal policy changes the inflation-output variability trade-off in Iceland, the paper compares the efficiency …