The objective of this project is to use an econometric model to examine economic growth in Greece. Using a growth model …

, Spain, Sweden and the UK which have adopted a "formal" policy of low or zero inflation target. Using cointegration analysis …This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand … and a vector error correction model (VECM), it is found that the long-run relationship between inflation and real income …

, relationships among the various topics are developed and the validity of empirical tests (e.g., cointegration tests) relating to …

low rate of personal saving are overstated...An unanticipated rise in inflation and inflationary expectations, however … appropriately to keep inflation low and maintain its inflation-fighting credibility. …

At our first meeting, ten years ago, we offered a medium-term strategy for ending inflation and restoring productive … growth to its long-term average. The rate of inflation for the previous three years was, then, about 5 1/2%. The average rate … disciplined, medium-term strategy to end inflation, inflation would rise and economic instability and unemployment would increase …

permanent inflation, initiated by a "liberal" Administration under President Johnson, was continued under three "conservative … Reagan was elected on his promise to cope with inflation and the increasing burden of government. We may reasonably believe … actually died, after some successes, already last year. There occurred one outstanding success. The reduction of inflation from …

strong growth in the current quarter as well. Though the inflation rate has bottomed out, it does not yet show any major … reacceleration. With unemployment declining in line with rapid output growth, the sum of the unemployment and inflation rates -- the … allowed their stimulus to become excessive, causing inflation to accelerate and ultimately creating the need for another round …

, inflation remains moderate, monetary policy is close to neutrality, and the Federal Reserve's heightened inflation …. Inflation is expected to remain flat in the second half of 1996 and recede modestly in 1997. Reflecting these …