dramatic consequences, at least in the very short-run. Within a few months inflation was down to 1-2 percent a month, foreign …

In the late 1970s countries in Latin America's Southern Cone attempted to lower domestic inflation rates through the … appreciation may result.While unanticipated, permanent inflation changes are neutral in the paper,anticipated inflation is neutral …

Estimates of the cost of disinflation made before the recent reduction in the inflation rate varied widely. Estimates … reduction in the inflation rate. At one extreme it was argued thata resolute and credible monetary policy could reduce inflation …

This paper analyses how the output or unemployment cost of achieving a sustainable reduction in the rate of inflation … ratio. Without sluggishness in the core inflation rate, a zero sacrifice ratio can be achieved simply through intelligent … demand management. With sluggish core inflation, the sacrifice ratio is positive unless intelligent demand management is …

followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed … to a government policy which subsidized heavy industry through the inflation tax proceeds. The "credibility problem …

This paper examines the relationship between macroeconomic objectives of controlling inflation and trade … between the two, as a crawling peg exchange-rate policy can prevent inflation from affecting the performance of the foreign … sector. In practice, trade regime objectives have been linked with inflation-reducing objectives, often to the detriment of …

We argue that the Great Inflation experienced by both the United Kingdom and the United States in the 1970s has an … common doctrine underlying the systematic monetary policy choices in each country. The nonmonetary approach to inflation …

inflation and activity. If policy makers are guided by the welfare criterion of the representative household, globalization … forces also lead monetary policy to be more aggressive with regard to inflation fluctuations but, at the same time, more …