affect output growth volatility, inflation rates, and the volatility of inflation, with focus on developing economies. Some …) greater monetary autonomy is associated with a higher level of inflation while greater exchange rate stability and greater … financial openness could lower the inflation level; (iii) a policy pursuit of stable exchange rate while financial development …

output growth and inflation, and medium term inflation rates. Some key findings for developing countries include: (i) greater … inflation while greater exchange rate stability and greater financial openness could lower the inflation level; (iii) a policy … the level and the volatility of inflation. -- Impossible trinity ; international reserves ; financial liberalization …

-term level of inflation. Greater monetary independence is associated with lower output volatility while greater exchange rate … inflation while greater exchange rate stability and greater financial openness could lower the inflation level. We find that …