linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …

Poland edged towards hyperinflation towards the latter half of 1989,but inflation fell dramatically after drastic … reformswere enacted in January of 1990. We analyse the consistency betweenfiscal deficits and inflation targets and assessPoland … fiscal deficits and inflation. We also assessthe impact of financial sector measures on seignioragerevenue and the …

Poland edged towards hyperinflation towards the latter half of 1989,but inflation fell dramatically after drastic … reformswere enacted in January of 1990. We analyse the consistency betweenfiscal deficits and inflation targets and assess Poland … fiscal deficits and inflation. We also assessthe impact of financial sector measures on seignioragerevenue and the …

actions, especially government spending, were critical in the pre-Volcker inflation build-up. …

inflation at a lower cost to employment and output than the trade-off incurred by raising interest rates or by raising taxes … prices and the path of inflation, potentially with significant effects on real variables in settings where the classical … how taxes and transfers to and from different members of the population can have markedly different consequences for both …

inflation in these two countries. Interestingly, in contrast with previous research, we find these policies had no impact on …, and repudiated much of its outstanding government debt causing renewed inflation and a loss of significant consumer wealth …

actions, especially government spending, were critical in the pre-Volcker inflation build-up. …

This paper provides some empirical estimates on how tightly is it feasible to control inflation in a very small open … inflation and output variability that are achievable under a range of alternative monetary policy rules. These frontiers … illustrate that inflation stabilization is more challenging in Iceland than in other industrial countries primarily because of …

additional investment for enhancing growth. If there are lags in tax collection, an increase in inflation erodes real fiscal … as increases the welfare cost of inflation. As such, the optimal rate of monetary expansion, equilibrium capital …