The author evaluates how much relative price shifts affected inflation in Poland between 1989 and 1997. He uses a … changes and the general inflation rate. Regressions controlling for various shocks revealed that significant relative price … inflationary pressures. Growth in money and wages were shown to fuel inflation. Appreciation of the real exchange rate lowered it …

Much existing literature fails to recognize that high inflation (annual rates in three digits) is a distinctly … different phenomenon from moderate inflation and hyperinflation. The failure to understand the specific features of the … inflation process in the chronic high inflation economies has many times led to a wrong diagnosis of the underlying reasons for …

Inflation persists at moderate rates (15-30 percent) in all the countries that successfully reduced triple …-digit inflation in the 1980s. Several other countries--for example, Colombia--have experienced moderate inflation for prolonged … periods. The authors introduce types of theories of persistent inflation. Theories emphasizing seigniorage as a source of …

There is widespread consensus among economists that high inflation is often caused by the government's need to raise … follow a Laffer curve, where seignorage first rises and them falls with higher inflation. If so, a rate of inflation exists … that maximizes steady-state inflation. Conventional estimates of the seignorage-maximizing rate of inflation often make use …

monetary targeting, and inflation targeting. Inflation targeting has successfully controlled inflation, with some … promote growth, and does not lead to increased fluctuations in output. But inflation targets do not necessarily reduce the … cost of reducing inflation. The key to success of inflation targeting, is its stress on transparency, and communication …

In the past 20 years, high and extremely volatile inflation rates in Latin America have generally been associated with … consensus that high inflation is bad for economic development and growth, so it is unclear why governments have adopted unstable … (dec-) accelerating inflation as the cost of collecting information (rises) falls compared with other welfare losses. When …

the inflation process in both countries. The purpose of this paper is to understand the reasons that led to the large … instability in inflation in both countries, and to explain why neither country succeeded in sustaining a high, but stable rate of … inflation. This instability was not accompanied by a noticeable increase in the average rate of inflation. In Argentina …

poor are more likely than the rich to mention inflation as a top national concern. This result survives several robustness … percentage decline in poverty, and the percentage change in the real minimum wage - are negatively correlated with inflation in … pooled cross-country samples. High inflation tends to lower the share of the bottom quintile and the real minimum wage - and …

The author reviews the theory and evidence on inflation and growth and provides additional empirical evidence for a … large cross-section of countries. The evidence, he reports, suggests a robust negative relationship between inflation and … growth. He argues that inflation limits growth mainly by reducing the efficiency of investment rather than its level. But …

independent central bank should reduce inflation only in the presence of political checks and balances. This effect should be … observable implications of their model: Central banks are associated with better inflation outcomes in the presence of checks and …