-benevolent government. Although this reform would be socially beneficial and initially succeed in reducing inflation, it would fail to lower … inflation permanently. The smaller anticipated policy distortions implemented by a more independent central bank would induce … the fiscal authority to trade-off higher current deficits for lower future deficits. In the long run, inflation would …

Countries in transition often face high levels of inflation. This paper discusses two ways to reduce inflation: the …

What can account for the different contemporaneous inflation experiences of various countries, and of the same country … over time? We present an analysis of the determination of inflation from a political economy perspective. We document a … positive correlation between income inequality and inflation and then present a theory of the determination of inflation …