economy, in order to show the impact of commercial openness on the choice of the optimal inflation target. Design … between the degree of openness and the type of inflation targeting policy. Originality/value – The originality of the paper is … to use a neo‐Keynesian model to deal with a small open economy, which uses inflation targeting as a monetary rule.  …

Purpose – The purpose of this paper is to examine the effects of policy options in financial dynamics (of money, credit …, efficiency and size) on consumer prices. Soaring food prices have marked the geopolitical landscape of African countries in the … past decade. Design/methodology/approach – The sample is limited to a panel of African countries for which inflation is non …

real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with …This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for …

shifts to the money supply, government spending, and the energy price. The asymmetric flexibility of prices appears a major … output growth, price inflation, wage inflation, and real wage growth vary with respect to anticipated and unanticipated … factor in differentiating the expansionary and contractionary effects of fiscal and monetary shocks. Higher price inflation …

rising food prices on GDP, on measures of inflation, and on welfare, in the model. Findings – Previously neglected evidence …Purpose – The purpose of this paper is to analyse the implications of sharply rising food prices for monetary policy in … indicates that stagflation (simultaneously rising unemployment and inflation) preceded the OPEC price hike. The model results …

Purpose – The purpose of this paper is to determine the relationship between inflation, inflation uncertainty, growth … the relationship between inflation, inflation uncertainty, growth and growth uncertainty for Australia. Findings – Using … quarterly data in multivariate EGARCH models, this study finds that both inflation uncertainty and output uncertainty have …

money, prices and real income. The benefit of using this technique lies in its ability to distinguish between cointegration … at different frequencies. Findings – The empirical results show that money is cointegrated with prices, but not with …Purpose – The purpose of this paper is to test the hypothesis of long‐run money neutrality for Egypt, Jordan and …

theory and monetary aspects of the model are based on the money‐in‐utility approach. The behavior of households is based on … propensity to save or increases its inflation policy. Social implications – This paper also tries to provide some possible …

This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand …, Spain, Sweden and the UK which have adopted a “formal” policy of low or zero inflation target. Using cointegration analysis … and a vector error correction model (VECM)), we find that the long‐run relationship between inflation and real income is …