Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit … inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods …. In this paper we first set out theories of persistent inflation, which can be classified into those emphasizing …

Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit … inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods …. In this paper we first set out theories of persistent inflation, which can be classified into those emphasizing …

Israel`s post-stabilization experience of moderate inflation and eventual disinflation is compared with experiences in … on several criteria which explains why taming inflation in the post-stabilization period has been difficult. The paper … concludes with a consideration of institutional arrangements that could sustain the current low inflation levels …