A high inflation process is usually due to a real imbalance and cannot be cured without a correction of real furamenta1 … inflationary equilibria by rationalizing a high inflation equilibrium as well as its stability as the outcomes of sub … nominal anchor in the various stages of stabilization to low (or zero) inflation. Finally the rationale for using multiple …

A given amount of seigniorage revenue can be collected at either a high or a low rate of inflation. Thus there ray be … inflation equilibrium when, with the same fiscal policy, it could be at a lower inflation rate. We show that under rational … expectations the high inflation equilibrium is stable and the low inflation equilibrium unstable; under adaptive expectations or …

debt crises with high inflation both reformed more and recovered better than countries that had external debt crises with …Are broad reforms the children of high inflation? Do growth recoveries follow? We find that countries that had external … low inflation. Countries with extremely high inflation also later wound up with lower inflation than countries that has …

Recent literature suggests that long-run averages of growth and inflation are only weakly correlated and such … correlation is not robust to exclusion of extreme inflation observations; inclusion of time series panel data has improved matters …, but an aggregate parametric approach remains inconclusive. We propose a nonparametric definition of high inflation crises …

dramatic consequences, at least in the very short-run. Within a few months inflation was down to 1-2 percent a month, foreign …

joint empirical analysis of growth and inflation, starting from a rudimentary short-term AS and AD framework that is … existence of a marked 20 year inflation and growth 'loop', extending beyond the conventional business cycles, with well … between inflation, economic activity, profits and investment renewal. The second part of the paper (Section IV) applies …

The rate of inflation in Israel increased from 8 percent in 1965 to 300-400 percent in the first half of 1984. The … liberalization of 1977 the economy appeared to move into a new era in which the inflation rate seemed capable only of rising. Our … and fiscal policies, the stabilizing forces in the economy are so weak that the inflation rate is in a meta …