fiscal stance and inflation using cross-country data from 1965 to 1999. In a first step, we contrast the monetary … that the low-frequency relationship between the fiscal stance and inflation is low during periods of an independent central … illustrate the mechanisms through which fiscal actions affect inflation in the long run. The findings from the DSGE model suggest …

expansion) by focusing on domestic inflation, the foreign exchange (FX) rate, and the quantity of FX traded in the local market …. The empirical results suggest that the inflation rate is largely driven by foreign price and oil shocks. Nevertheless, the … the exchange rate, and slightly increasing the inflation rate. The latter finding has important implications for the …

investigated the impact of interest rate uncertainties for different maturities on industrial production, inflation, unemployment … inflation rates. Although we find that uncertainty in interest rate reduces growth of industrial production, we do not find a …

oil prices (exogenous) and a set of endogenous variables, including GDP, M2, and Inflation for the 1970-2013 period, with …