This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models … and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion … of money demand played a prominent role. More recently, interactions of inflation and taxation came into focus. Growth …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …

untersucht: "If the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain … from reducing inflation to zero worth the sacrifice in output and employment that would be required to achieve it?" ... …): "If the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain from …

): "lf the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain from … reducing inflation to zero worth the sacrifice in output and employment that would be required to achieve it?" ... …