during the transition period. The study makes use of the monetary inflation model known as the P-star model, originally … prices (long-run cointegration relationship), which follows the assumptions of the P-star inflation model. The results also … indicate that there are no seasonal cointegrating relationships in the P-star inflation model, which can be interpreted as the …

motives of demand for monetary balances. Furthermore, a critical finding estimated in the paper is that domestic inflation has … constructed on domestic inflation as a function of the excess money demand taken place under the money market disequilibrium …

fluctuations of output gap, however constructed or measured, are a good predictor of inflation in the UAE. This is carried out by … inflation in the UAE. …

liquidity trap if inflation is higher when a bubble bursts, then higher inflation is preferable. This paper suggests the … monetary policy objective can be enhanced by shifting it from explicit or implicit targeting of low and stable inflation to … explicit targeting of moderate and stable inflation. …

Inflation is mainly a monetary phenomenon, but it has important consequences on the real economy, mainly because the … price system does not meet anymore its role of proper allocation of resources. In most of the developed countries, inflation …

interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …

Inflation is always an important indicator to measure whether economy is stable and healthy. This paper provides a … substantive survey of the research on the welfare cost of inflation, and uses the methods of consumer's surplus and neo …-classical general equilibrium models respectively to estimate the welfare cost of inflation in China. The results show that high …

This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …

some macroeconomic variables such as exchange rate, inflation and interest rate in Nigeria using Autoregressive Distributed … effective and efficient policy control measure should be develop and implement to normalize exchange rate, inflation and …