This paper attempts to provide a perspective on the causes of inflation by exploring why sustained inflations occur and … the role of monetary policy in the inflation process. The conclusion reached in this paper is that in the last ten years … there has been a convergence of views in the economics profession on the causes of inflation. As long as inflation is …

both with inflation and with nominal interest rates. This paper examines whether these findings extend to the short … inflation and nominal interest rates does appear for the longer maturity assets. In fact, the relationship grows stronger with … best hedge against expected inflation, none of the assets were a perfect hedge. We find a statistically significant change …

inflation and the term structure of real interest rates. The evidence indicates that there is substantial information in the …inflation: the slope of the term structure does have a great deal of predictive power for future changes in inflation … contains no information about the future path of inflation, but it does contain a great deal of information about the term …

inflation in ten OECD countries. The empirical results on the information in the term structure contrast with those that find … that the level of interest rates help forecast the future level of inflation. Instead, they indicate that for the majority … inflation. The results for France, the United Kingdom and Germany tell a different story, however. In these countries, the term …

This paper conducts tests of the rationality of both inflation and short-term interest rate forecasts in the bond …

extends the analyses to cases where the rate of nominal GNP growth or the inflation rate, rather than money growth, is the …

about the effect of the NAIRU gap on inflation does require adjustments to the policy reaction function. Also, as in …