inflation rate. Evidence is also presented that suggests prices are being driven by increases in the money supply rather than by … changes in price setting behaviour. The paper additionally uses the estimated elasticity on the inflation variable to … dramatically after 2000, with inflation eventually exceeding the rate required to maximize this revenue stream. This is discussed …

The author provides an overview of the 1975–78 Anti-Inflation Program (AIP), in a background document prepared for a … policy response to, inflation in the decade preceding the introduction of the AIP, the author sets out the elements of the … AIP's monetary and fiscal policy, and prices and incomes controls. He then compares the program's inflation objectives …

Our current inflation stemmed from a fiscal shock. The Fed is slow to react. Why? Will the Fed's slow reaction spur … more inflation? I write a simple model that encompasses the Fed's mild projections and its slow reaction, and traditional … views that inflation will surge without swift rate rises. The key question is whether expectations are forward looking or …

endogeneity of money. Implicitly, the money supply process with regard to Turkish inflation is unpredictable with respect to the … past history of prices, i.e. either inflation or currency depreciation. Therefore, the Turkish monetary regime may be … persistently high inflationary process in Turkey. -- Demand for Money ; High Inflation ; Granger Causality ; Exogeneity of Money …

their credibility to forward guidance policies. As stable inflation in normal times either stems from central banker …'s credibility, e.g. through reputation, or from his aversion to inflation, the private sector is unable to infer the central banker …'s type from observing stable inflation, jeopardizing the efficiency of forward guidance policy. We show that this signaling …

issue, we study a model of hyperinflation and learning in an attempt to better understand the volatility in movements of … expectations, money, and prices. The findings surprisingly imply that the dynamics under neural network learning appear to support … the outcome achieved under least squares learning reported in the earlier literature. Relaxing the assumption that …