-fledged inflation targeting, (vi) implicit price stability anchor, and (vii) inflation targeting lite. This taxonomy captures the … financial and economic development and recent inflation history. …

inflation. …

This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the … inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship. …

inflation levels. The paper identifies four broad principles of central bank autonomy that have been shared by the majority of …

inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short …-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation. …

inflation and growth, and long-term trends in price levels among the core ERM countries. The evidence suggests that over the …, than the individual national aggregates in predicting nominal aggregates such as inflation and the price level, while …

of inflation. Differences between the rate of inflation and currency depreciation (over- or undershooting of the exchange …

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence … striking result is not true with high degrees of inflation persistence. Secondly, we show that optimal fiscal policy is more … active under discretion than commitment at all degrees of inflation persistence and all levels of debt. …