-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation … combination of circumstances-i.e. capital inflows, structural reforms and the peculiar recent inflation history-can explain that …

options that have, in the past, helped lower debt burdens. Specifically, it examines orthodox options (enhancing growth …, fiscal consolidation, privatization, and wealth taxation) and heterodox options (inflation, financial repression, debt …

developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to …

partly absorbed through sterilization operations. The paper finds that most MENA countries are debtor central banks due to a …

sterilization operations to absorb what we call surplus liquidity from the domestic banking systems. This has brought the East Asian … given buoyant capital inflows and exchange rate stabilization the absorption of surplus liquidity leads either to financial … repression, or rising inflation or both. Assuming that a debtor central bank moved towards a freely floating exchange rate to …

This paper investigates the changing pattern and efficacy of sterilization within emerging market countries as they … sterilization of foreign reserve inflows has risen in recent years to varying degrees in Asia as well as in Latin America …, consistent with greater concerns about the potential inflationary impact of reserve inflows. We also find that sterilization …