predictions of a forward-looking model of inflation. Wealth effects of public debt could also affect inflation, as posited by the … fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt-inflation … inflation. …

inflation when there is no perceived commitment to reduce the fiscal deficit. The model is based on a modified version of the … current consumption leads to an equal increase in inflation. The timing of this increase varies with the size of the deficit … inflation. Three policy conclusions are offered. …

help prevent or minimize the risk of fiscal crises and the corresponding risk of central bank financing and inflation. …

panel regressions, we find a negative relationship between legal central bank independence (CBI) and inflation. This result … holds for three alternative measures of CBI and after controlling for international inflation, banking crises, and exchange … fails, however, to find a causal relationship running from CBI to inflation. …

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. …

particular inflation. The paper's major finding is that there indeed is a negative relationship between central bank financial … strength and inflation outcomes. This relationship appears to be robust to the choice of alternative country samples, control …

reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …