compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …

depress growth. There are other arguments related to more immediate effects of debt on inflation and national solvency …

economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …

a rationale for the practice of inflation zone targeting. We show that the presence of either zone-quadratic preferences … or a zone-linear relationship between inflation and economic activity provides strong incentives to deviate from … structure and relative preference towards economic stability in determining the width of the implied targeted inflation zone. …

of the two.We compare the accounting definition of deficit with the economic definition which takes inflation into …

optimise.Under discretionary monetary policy the size of the inflation bias depends on the fiscal policy regime.Using the … with the alternative fiscal policy rules, and inflation and output persistence reflects the economic data.With the deficit …