downward nominal wage rigidity (DNWR) and disinflation costs even with common knowledge of credible policies. This suggests …

of disinflation, openness, central bank independence, inflation targeting, and political factors for both OECD and non …-OECD countries. We find that the speed of disinflation is the most important determinant of OECD sacrifice ratios, but puzzlingly has … no effect on non-OECD nations’ disinflation costs. Instead we find evidence that greater central bank independence and …

. We find that, in parallel to the process of disinflation, seigniorage has declined substantially in the 1990s in all … past policies, rather than an obstacle to further disinflation. …

. We find that, in parallel to the process of disinflation, seigniorage has declined substantially in the 1990s in all … past policies, rather than an obstacle to further disinflation. …

crucially identified several disinflation episodes across many different countries, while also overwhelmingly finding evidence … in favor of the “cold-turkey” approach to disinflation. However all previous studies in this topic are based exclusively … identify disinflation episodes and measure the sacrifice ratio. Several important differences emerge: for example, headline …

inflation and its target, and the gap between output and its potential. Under the opportunistic approach to disinflation a …

fulfilment of the Maastricht inflation criterion (MIC) require disinflation; and secondly, to discuss and suggest policies geared ….5% during the reference period. Three disinflation simulations are derived from this assumption. The results show that a decline …

the effects on output of changes in monetary policy, in the form of deflation and disinflation. Given the confusing array …