linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …

-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 …

Inflation can "grease" the wheels of the labor market by relaxing downward wage rigidity but it can also increase … uncertainty and have a negative "sand" effect. This paper studies the grease effect of inflation by looking at whether the … interaction between inflation and labor market regulations affects how employment responds to changes in output. The results show …

macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and …

This study analyses India's inflation using the Phillips curve theory. To estimate an open-economy Phillips curve, we … need three variables: (1) inflation (2) the output gap and (3) the real effective exchange rate. In India, the incorrect … composite consumer price index (CCPI) was the best measure of inflation, and should be used to construct the real effective …

Over the last twenty years the level and volatility of inflation decreased across industrial countries. The inflation … test theluck hypothesis we examine the inflation experience of Canada, one of the earliest and most successful adopter of … an inflation targeting monetary policy. We Kalman-filter the historical structural shocks consistent with an estimated …