, in a decline in aggregate demand growth and inflation, with limited effects on output growth. On the other hand, higher … variability of monetary shocks results, on average, in an increase in inflation and a decline in output growth. These results …

gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a … significant pass-through of the global monetary gap to domestic monetary gaps, which in turn affect output growth and inflation …

This paper develops a small model of the output-inflation process in the United States in order to examine the … interest rates respond contemporaneously to output and inflation and a forward-looking policy rule that exploits information … model of inflation where positive deviations of aggregate demand from potential are more inflationary than negative …

This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy … markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt …

useful for predicting inflation. In addition, countries where slack (and potential growth) is overestimated to a larger …

problem as insufficient demand, when it is actually a supply problem. We do this in a real model, in which inflation is not an …

This paper reexamines the effects of inflation targeting on output stability. It considers an economy with staggered … output and inflation. The paper shows that, if some price shocks can be anticipated, the effects of inflation targeting … depend critically on the inflation indicator being targeted. Specifically, targeting headline inflation can severely …