There has been much concern about inflation in China recently. The People’s Bank in the last few months has raised the … reserve requirement several times to control the money supply to slow down inflation. In 1985 when I was organizing a summer … workshop on macroeconomics in cooperation with the Ministry of Education, Premier Zhao Ziyang asked me to forecast inflation in …

A vast literature exists that measures the amount of real GDP that is lost when trend inflation is lowered by a … constrains the disinflation episodes to be ones where trend inflation at the start of an episode is low or moderate. All cases of … high inflation, and even hyperinflations, are automatically discarded in the literature. This paper seeks to address what …

economy with an Indexed-UoA, credit trade friction attributed to inflation is resolved and there is no redistributional effect … from unexpected inflation between debtors and creditors. However, in an economy without an Indexed-UoA, credit trades occur … only if inflation is not too high and unexpected inflation renders debtors better off but creditors worse off. Adopting a …

focuses above all on the impact of the euro on inflation, foreign trade and economic growth. Not surprisingly, it has been …

This paper presents a model that pictures how inflation is determined in a decentralized market process where prices … setters of sequential contracts. An important property of the model is that inflation thus can be explained without any … reference to the quantity of money.Following up the finding that inflation is determined in a coordination game, it is …

The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …

This paper investigates the question of whether a transition to a low-inflation environment, induced by a shift in … previous empirical work in that we pay particular attention to the identification of changes in the inflation environment, we … to 2001, we find evidence in support of the hypothesis that exchange rate pass-through declines with a shift to a low-inflation …

Following the Maastricht criteria, a country seeking to join the European Monetary Union cannot have inflation in … excess of 1.5 percent plus the average inflation in the three "best performing" EU countries. This inflation reference value … show that the expansion of the EU from 15 to 27 members reduces the expected inflation reference value by 0 …

This paper contributes to a better understanding of how inflation targets are set. First, we gather evidence on how … inflation targets are set from official central bank and government publications and from a questionnaire of our own design …. Second, we estimate the determinants of the level of the inflation target in 19 inflation-targeting countries using …