the field of international economics. Collected for the first time in Exchange Rates and Inflation, twenty-two of these … rate economics, equilibrium real exchange rates, and inflation and stabilization. Each part includes an introduction that …

Inflation persists at moderate rates (15-30 percent) in all the countries that successfully reduced triple …-digit inflation in the 1980s. Several other countries--for example, Colombia--have experienced moderate inflation for prolonged … periods. The authors introduce types of theories of persistent inflation. Theories emphasizing seigniorage as a source of …