We study the link between central bank independence and inflation by providing narrative and empiricial evidence based …, central banks turned into de facto development banks under the aegis of governments, sawing the seeds for high inflation. It … took the high inflation episodes of the 1970s and 1980s and the associated major decline in real income, and growing social …

policy rules. Results suggest that responding to inflation while allowing temporary deviations from its target is the welfare … maximizing policy. Alternative regimes such as strict inflation targeting, exchange rate pegs, or Taylor rules explicitly …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years … unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …

This paper explores inflation dynamics and monetary policy in Bolivia. Bolivia's monetary policy framework has been … effective in stabilizing inflation in recent times. This has been a challenging task given high price volatility of key consumer … framework has contributed to the stabilization of inflation, with effective transmission through the bank lending channel, while …

This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017 …-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in …