This paper addresses the question of why inflation has not yet converged to price stability in Central America and the … that all central banks raise interest rates to curtail inflation but only some of them increase it sufficiently to … effectively tackle inflation pressures. It also shows that some central banks care simultaneously about exchange rate stability …

been to raise inflation targets to provide more room for policy rate easing during crises. This paper addresses a different … issue: the relationship between inflation and welfare. The literature is surveyed and a model is developed. A key conclusion … is that an increase in inflation targets gives rise to additional welfare costs, even after the extra room to maneuver …

This paper provides general equilibrium estimates of the steady-state welfare gains of lowering inflation from a low … tax, it is found that inflation unambiguously reduces capital intensity, drives up the before-tax real rate of return to …

record with dual and parallel markets. We use the parallel market premia as an indicator of the degree of distortions and … inflation …

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 …

inflation. In this paper, we show that a stable money demand function for Russia can be found for ""effective broad money … persistent effect on short-run inflation …

literature on inflation and money demand in transition economies. The results suggest that, after the one-time effects of the … 1997 crisis are taken into account, the long-run determinants of inflation and money demand remained unchanged. Strong … financial policies since mid—1997 appear to have helped to restore conditions for low inflation and stable money demand …

This paper analyses the dynamics of inflation in Kenya during 1974–96, a period characterized by external shocks and … exchange rate, foreign prices, and terms of trade have long-run effects on inflation, while the money supply and interest rate … only have short-run effects. The dynamics of inflation are also found to be influenced by food supply constraints. Moreover …