money may lead to a transitory increase in seigniorage, the retirement of government debt, and lower inflation in both the … low money growth is conditional on inflation remaining below its previous level …

In this paper, the interaction between inflation and monetary policy rules is analysed within the framework of a … illustrated that the control of monetary policy over the inflation process is strongly dependent on the role of forward looking …

striking negative correlation between the evolution of the long-run coefficient on inflation in the monetary rule and the … evolution of the persistence and predictability of inflation relative to a trend component. Using a standard sticky-price model …, we show that a more aggressive policy stance towards inflation causes a decline in inflation predictability, providing a …