. There is strong evidence of a positive and significant association between the pass-through and the average inflation rate … across countries and periods. The inflation rate, moreover, dominates other macroeconomic variables in explaining cross …

rather than higher inflation? We find that tight monetary policy facilitates the reversal of currency undervaluation through …

This paper examines the relative importance of monetary growth and exchange rate depreciation as causes of inflation in … autoregression (VAR) analysis suggest that both monetary expansion and exchange rate adjustments cause inflation in a number of these … countries. However, the failure of the tests to attribute the bulk of the variance in inflation in most of the countries to …

unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …-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 …

). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and … and inflation …

regime with macroeconomic performance, inflation in particular. Stability of the exchange rate has generally been a by …-product of other policy choices. Even announcement effects of the regime on inflation-fighting credibility depend on the country …

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 …

the model's output gap as a benchmark, we further show that common output gap estimation methods exhibit a systematic bias …