The most important conclusion of this paper is that the growth rate of the money supply influences the U.S. inflation …, help to explain why U.S. inflation was so low in 1976 and why it accelerated so rapidly in 1978. Granger causality tests … indicate that lagged exchange rate changes influence inflation, but lagged inflation does not cause exchange rate changes. A …

theory, the paper examines the link between openness and inflation using cross-country data. The data reveal a strong … of precommitment in monetary policy leads to excessive inflation. Because unanticipated monetary expansion leads to real … inflation will be lower in more open economies. After presenting a simple theoretical model demonstrating this prediction of the …

reforms may cause jumps in inflation and the exchange rate through their impact on the government budget. In order to achieve … a sustainable reduction in inflation an exchange rate freeze or crawling peg is shown to require restrictions not only …-collapse inflation will exceed the rate prevailing before the freeze started …

inflation and unemployment among EMS members since the late 1970s. This paper presents new empirical evidence for this … inflation countries -- France and Italy -- have experienced a decrease in tolerance for inflation relative to unemployment …. Germany and other low inflation countries, in contrast, appear to have experienced a decrease in tolerance for unemployment …

ante wage indexation speeds up disinflation. With expost indexation the real wage automatically rises when the inflation …

draw some implications for timing between monetary expansion and inflation, inter-country comparisons of inflation rates … lead inflation in the sense that money Granger-causes prices without feedback, contradicting an implication of the monetary … of inflation during the fixed exchange rate period, providing no evidence for a generalized "law of one price." (3) Some …

exchange rate that will prevail in any model or real world economy in which inflation indexed bonds are traded. An advantage of … yields on long maturity inflation - indexed bonds. This relationship can be interpreted as defining the fair value of the … take our theory to a dataset spanning the period January 2001 - February 2011 and study a daily , real time decompositions …