Zimbabwe has currently the highest rate of inflation in the world (an annual rate of 1,730 percent in February, 2007 …). The high rates of inflation have contributed to the contraction of the economy, which has declined by about 30 percent … since 1999. This paper examines the stabilization experience of countries that experienced similar rates of inflation (above …

inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a …

sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level. …

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in … incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly related to fiscal deficits … through the inflation tax base and estimate this relationship as intrinsically dynamic, using panel techniques that explicitly …

these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …

population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the … same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources …

Empirical data show that real wages fall sharply during periods of high inflation. This paper suggests a simple general …-in-advance constraint. In this setting, inflation reduces real wages through (1) a decline of the capital stock, and (2) a shift in relative … may contribute to rising poverty during periods of high inflation. …