-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest …

model includes exogenous variables, or if the policy intervention changes the steady states, such as the inflation target. …

. Therefore, in periods with inflation generous tax depreciation provisions do not adequately promote private investment as … designed, but partly compensate such losses caused by inflation. …

volatility) can have adverse effects on real output, through excessively high and persistent levels of inflation. Lack of … have also become a drag on real output. In order to promote growth, policies should be devised to control inflation; to …

case of prevailing inflation, there is a mismatch between the nominal interest rate that is a discounting factor for all …

inflation indexation into its personal income tax system in order to re-duce distortions of tax liabilities and additional tax … extent to which the previous reform efforts, made in this country since 1958, have led to the change of the real, inflation …, when the 'hidden' distortion caused by inflation prevails. According to the long-term real view adopted in this study, the …