membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre …

, the dollarized nations have: (a) have had significantly lower inflation; (b) grown at a significantly lower rate; (c) have …

explosion of inflation during his administration (above 1,500% on a six-month annualized measure) was predictable, and that the … that the combination of runaway inflation, shortages, and black markets generated major disaffection among the middle class …

inflation: the "myopic? government approach and the "weak" government approach. In myopic government models inflation is the … deliberate outcome of politicians strategic behavior, while in weak government models inflation is the unavoidable result of a … political developments in 76 countries for the period 1971-1982. Using a number of alternative definitions of the inflation tax …

uncertainty about the composition or timing of a stabilization. Under full certainty, inflation may rise, fall, or remain constant … there is no simple correlation between changes in the budget deficit and inflation. With uncertainty about the timing OF a … stabilization, the inflation rate will most likely exhibit fluctuations and may overshoot its steady state value, even when real …

sustained inflation are small relative to the costs of unemployment. If a temporary reduction in unemployment causes a permanent … increase in inflation, the present value of the resulting future welfare costs may well exceed the temporary short-run gain …. Previous analyses have underestimated the cost of a permanent increase in the inflation rate because they have ignored the …