Friedman’s hypothesis regarding the relationship between inflation, inflation uncertainty and output growth states that … full employment policy objective of the government tends to increase the rate of inflation which increases the uncertainty … about the future course of inflation. Increase in inflation uncertainty lowers economic efficiency and reduces output growth …

electricity production. Appropriate monetary policies must also be put in place, in order to accommodate potential inflation hikes …

estimated at 39% indicating a key role of this component in the inflation for a emerging country like Peru which is an economy … partially dollarized using an inflation targeting scheme. The model is extended to include information coming from the …

Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation …) are shown to be important predictors of future price changes. Inflation inertia is high and inflation expectations are … largely based on backward-looking information, suggesting that inflation expectations are not well anchored and hence more is …

the economy under the inflation-targeting regime. We find novel evidence that most of the channels of transmission are … large panel of data improves inflation forecasting performance over smaller models and renders this model suitable for …