seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country's inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …

-shaped relation between the membership size of MPCs and inflation; our results suggest that the lowest level of inflation is reached … at MPCs with about seven to ten members. Similar results are obtained for other measures, such as inflation variability …

to the share of the term in office elapsed, political and regime instability, the occurrence of elections, and inflation … independence. This is confirmed in models for cross-section inflation in which TOR becomes insignificant once its endogeneity is …

excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. …

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

slippage is not negligible. For countries with low inflation, the relationship between average inflation and the growth rate of … implied elasticities, helps explain the slippage. For the period since 1990, inflation targeting at low rates of inflation … makes it harder to establish the long run relationship between monetary growth and inflation"--National Bureau of Economic …