the inflation rate, the deviation in real GDP (Gross Domestic Product), the deviation in money supply, the deviation in … weight to the deviation in unemployment rate, and moderate weights are assigned to the deviation in the inflation rate, the … deviation in real GDP, the deviation in money supply, and the deviation in the money velocity. The corresponding sum of squares …

The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank … welfare cost of a 10% inflation rate instead of zero, for comparison to other estimates, as well as the cost of a 2% inflation … rate instead of a zero inflation rate. The zero rate is specified as the US inflation rate target in the 1978 Employment …

In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but … account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to … inflation targeting arrived on the scene only after the Canadian regime was well established. …

evaluate the impact of monetary policy on New Zealand business cycles and inflation variability and the output/ inflation … policy has generally been counter-cyclical, thereby reducing business cycles and inflation variability. Exceptions are in … inflation targeting monetary policy tended to simultaneously reduce inflation and output variability. From 1996 to 2001 monetary …

, inflation and lending rates. All data was obtained from the Central Bank of Kenya online repositories. The empirical assessment … effective in controlling and stabilizing prices especially inflation; two, expansionary fiscal policy is not only inflationary …

aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

If you’re just tuning in, I’ve spent the last few months debunking some common misconceptions about inflation: Is … inflation a uniform increase in prices? No. Inflation is wildly differential. Is inflation driven by an ‘over-heated’ economy …? No. Inflation tends to come with economic stagnation. Do higher interest rates reduce inflation? No. Higher interest …

inflation. It is argued that that there is a tendency to slip from arguments which that the rate of interest is related to the … price level to suggesting that the rate of interest is related to the rate of inflation. The neo-Wicksellian approach is … inflation. It is also argued that the route through the exchange rate does not support the view that higher interest rates will …

the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor …