The effects of inflation are worked out for a small open economy with Cash-in-Advance (CIA) constraints on bond … purchases. If all transactions are subject to CIA constraints, an increase in the inflation rate will reduce savings, bringing …, an increase in the inflation rate will encourage investment and reduce savings, bringing about a current account deficit …

We study the behavior of inflation rates among the 12 initial Euro countries in order to test whether and when the … this new procedure to Euro area inflation, we find strong and lasting evidence of convergence among the inflation rates … the occurrence of the single currency. After the 2008 crisis, Euro area inflation rates follow the ECB's price stability …

correlation between the US dividend yield and expected inflation. It finds that results derived from the procedure are sensitive … inflation raise subjective real equity premia. …

) specification, and examines the deficit–inflation relationship in 91 countries from 1960 to 2006. The DPQR model estimates the … impact of deficits on inflation at various inflation levels and allows for a dynamic adjustment with the ARDL specification …. The empirical results show that the fiscal deficit has a strong impact on inflation in high-inflation episodes, and has a …

inflation in a two-country sticky-price model. Within reasonable parameter values, international monetary coordination increases … the steady-state inflation for given tax policies. When the tax regime is endogenously chosen, however, self …-oriented monetary policies can engage in competitive depreciation and induce a higher average inflation than the first best inflation …

components in international inflation rates. This paper characterizes such links in international inflation rates with a dynamic … latent factor model that decomposes 64 national inflation rates into world, regional, and idiosyncratic components. The world … and regional components account for 35% and 16%, respectively, of annual inflation variability on average across countries …

This study provides cross country robust evidence on interdependencies among inflation, output growth and respective … uncertainties for the current era of low inflation policies. We attribute the extant empirical disagreement on these relations to … means to assess the robustness of empirical findings. Over the entire cross section, we find that both inflation and …

(fixed, intermediate, and flexible without inflation targeting) and inflation targeting on inflation rates in emerging and … developing countries. An inflation-targeting regime does better than or at least as good work as a fixed regime in lowering … inflation rates when compared with intermediate or flexible regimes. We do not observe a clear difference in inflation rates …