based on the quantity theory of money. Some theorists say that any rate of inflation other than zero is inherently instable …In this paper the stability of an inflationary process is examined. A dynamic model of the inflation has been developed …. They say that as people become aware of the fact of continues inflation, however slow, they will anticipate inflation and …

-accelerating inflation product (NAIP) as an approximation of potential product. NAIP is treated as an unobservable variable, to which an …