the inflation tax. Accordingly, continued effort is likely to be needed to attain a fiscal position that is sustainable …

finds that higher credit-to-GDP ratios are associated with stronger creditor rights and lower inflation, and that the … marginal effect of improvements in creditor rights protection is declining as the rate of inflation increases. The analysis … suggests that in a high inflation environment, controlling inflation and reducing macroeconomic volatility should be given …

This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation …

This paper shows that the response of inflation to external shocks is very different when the authorities target the … would have no effect on the steady-state inflation rate under a fixed exchange rate are either inflationary or deflationary …

to explain most features of the "Great Inflation." …

changes have swifter effects on output and inflation compared to advanced economies and that exchange rate dynamics plays a … key role in this connection. Importantly, the response of inflation to monetary policy shocks has grown stronger and the … output-inflation tradeoff improved since the introduction of inflation targeting. …