plays no role. Trust does play a role but requires a bound on effciency. Stationary inflation must be non-negative and …We study the interplay between competition and trust as efficiency-enhancing mechanims in the private provision of … money. With commitment, trust is automatically achieved and competition ensures efficiency. Without commitment, competition …

Is inflation a monetary phenomenon? In the decades since the influential work of Milton Friedman, the great moderation … structural change in the underlying relationship between money growth and inflation, there is limited understanding as to why … important impact on the relationship between excess money growth and inflation. Estimating these effects using a long run sample …

The authors apply a Hidden Markov Model to identify regimes of shifting inflation and then employ an attribution … technique based on the Mahalanobis distance to identify the economic variables that determine the trajectory of inflation. Their … analysis enables policymakers to focus on the most effective tools to manage inflation, and it offers guidance to investors …

The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis … utilized to reflect the relations between financial policy and inflation. Thus, more lights are shed on the fact that the first … components represented in governmental expenditure and taxation and the dependant variable inflation. The results show that there …

inflation in the 2020s. Economic slack is measured as firms' job vacancies over the number of unemployed workers. After showing …. Policy implications include the thesis that appropriate monetary policy can bring inflation down without a significant …

of money, it causes inflation, in the absence of monetary intervention. If the monetary authority attempts to restore pre … credit cards, there is even more inflation, and less efficiency gains. The monetary authority might then have to accept less … than pre-credit card efficiency in order to restore pre-credit card price levels, or else it will have to accept inflation …

into an economy, with potential to create asset bubbles and inflation, or poor economy growth and deflation. Specifically … emerging markets such as India and Brazil, and crave for the local currency and its use drives asset bubbles and inflation …

of money, it causes inflation, in the absence of monetary intervention. If the monetary authority attempts to restore pre … credit cards, there is even more inflation, and less efficiency gains. The monetary authority might then have to accept less … than pre-credit card efficiency in order to restore pre-credit card price levels, or else it will have to accept inflation …

influence on long-term INR swap yields after controlling for other factors, such as core inflation, the growth of industrial …