authorities. However, more opacity could imply higher inflation and unemployment when the union is large and induce higher … inflation and output-gap variability. An enlargement of the union incites national governments to increase tax rate, and weakens … CCB quite conservative. It induces an increase in the level of inflation and unemployment, and could increase 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 …

Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to … avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers … despite their dislike of inflation may nevertheless choose to adopt accommodative policies. It emphasizes the role of …

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 …