policy shift towards economic liberalization since the early 1990s. Inflation between these countries, however, often remains … remarkably different, and the series of inflation differential between them does not follow any consistent pattern over time … Friedman hypothesis of the primacy of money supply in determining inflation in a country after accounting for supply shocks. In …

A large number of studies in Nepal have been conducted to identify the factors responsible for inflation based on the … different theories of inflation. Although these studies provide insight into the determinants of inflation in the country, there … remain some unanswered questions: • Can inflation in Nepal be explained by the theoretical models as specified earlier …