This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

This study empirically examines the nexus among budget deficit, money supply and inflation by using a monthly data set … from January 1995 to December 2012 and a SVAR model with five endogenous variables, inflation, money growth, budget deficit … that money growth has positive effects on inflation while budget deficit growth has no impact on money growth and therefore …

In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that … the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which … influence the expected inflation distribution through disagreement, level shift and ambiguity. Linking these functional shocks …

Purpose: This paper aims to uncover the nexus between budget deficits, money growth and inflation in Vietnam in the … variables including inflation, real GDP growth, budget deficit growth, money growth and the interest rate. Findings: It is found … that inflation rose in response to positive shocks to money growth and that budget deficits had no significant impact on …

This paper presents a new formulation of conflict inflation labeled the "pass-through" approach, which contrasts with … the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a … hybrid of Keynesian and NAIRU dynamics. Conflict inflation arises when economic activity rises above the consistent claims …

and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …

Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the … quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error … inflation. The response of the HICP is strongly positive. Other factors such as raw material prices and unit labor costs also …

reveal some evidence of convergence in exchange rates, especially for Guinea and Liberia. For inflation, there is no evidence …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

target inflation rates as low as 2 percent. However, the effects of the constraint are non-linear with respect to the inflation … percent. The variability of output increases significantly and that of inflation also rises somewhat. Also, we show that the … increasingly short of potential with lower inflation targets. …