model embodies the key principle that, in an inflation-targeting framework, the role of monetary policy is to provide an … anchor for inflation and inflation expectations. The development and calibration of this model is an ongoing process. …

This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the … inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship. …

inflation and posed a price puzzle insofar their evolution was not responsive to record low interest rates, double digit … commodities inflation, and sharp exchange rate depreciation. Commodities prices were shown to be driven by one common trend … accelerating commodities price inflation, subsequent world recession, and financial disorder; or tighten monetary policy with …

inflation when there is no perceived commitment to reduce the fiscal deficit. The model is based on a modified version of the … current consumption leads to an equal increase in inflation. The timing of this increase varies with the size of the deficit … inflation. Three policy conclusions are offered. …

toward an increase in expected inflation falls as debts increase beyond a certain threshold level. A debt …-constrained interest rate rule and the threshold level of debt are jointly estimated for Canada during the first decade of its inflation … loose than what inflation indicators called for. …

.S.data on real output, inflation, nominal interest rates, measures of inverse money velocity, and a large panel of informational …