implication for economic policy has been the implementation of inflation targeting (IT). This paper critically raises a number of …

The causes of the "great inflation" of the sixteenth century have long been the subject of controversy. Since some …

, in most cases, the inflation rate. Fiscal policy should not be used as an instrument of stabilization policy. This raises … conclusions emerge: the empirical results point to a relatively weak effect of interest rate changes on inflation. Also, monetary …