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. …

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 …

interest rates and inflation rates. It is argued that the traditional story deriving central bank power from its monopoly of … banks seem to influence interest and inflation rates. Here, we suggest that the explanation is that central banks have …

-through substantially declined over time mainly due to a fall in inflation rates and to some extent due to the so-called composition effect …’effet du taux de change sur l’inflation a diminué au cours du temps principalement en raison de la baisse des taux d’inflation …

The available evidence in Pakistansuggests that inflation is a monetary phenomena. This paper examines the relationship … between the determinants of inflation and its volatility by using monthly data for 1990:M1-2007:M5. The determinants of … inflation are estimated by a VAR analysis, which shows that inflation, the interest rate and money supply move together. A VAR …

The purpose of this article is to examine the influence of the following key macroeconomic indicators: GDP, inflation …/RON, inflation and interest rate. We can not validate the correlation between exchange rate and Balance of payment, because the test …