In 1981, 364 economists signed a letter to the London Times, objecting to the Thatcher Government’s anti-inflation … view that inflation could be controlled only by controlling money. It is argued that theory as well as the evidence … inconsistent with the facts. Further, in defiance of the predictions of the letter, inflation came down and the British economy did …

In this paper we investigate the role of poor macroeconomic per- formance, in terms of high rates of inflation, in … novel panel time-series analy- sis, confirm the anecdotal evidence which suggests that inflation has had a detrimental … effect to growth in the region. All in all, we high- light the costs that inflation has had on economic activity, and also …

causality of the oil price by US inflation as is consistent with the theory. …

This paper looks back at 20 years of inflation targeting (IT) in the world, reviewing previous findings and reporting … broadly, comparing output and inflation volatility under IT to volatility observed in non-IT experiences. Three, it surveys …

Every month the commercial banks in Iceland publish their inflation forecast for the coming month. This paper examines … how accurate these forecasts were from 2000 to 2006. Most of the forecasts have similar accuracy where the inflation rate …

This paper carries out the methodology suggested by Den Haan (2000) to investigate the co-movement of inflation and …-run relationships between inflation and real stock returns, regardless of whether the underlying time series data are purely I(0 … long-run relationship between these two variables in 12 OECD countries. That is, an increase in inflation depresses real …

This paper investigates the impact of revisions in inflation expectations on the prices of UK inflation-indexed and … conventional government bonds with a vector autoregressive (VAR) model. Downwards revisions of inflation expectations are … affected. This suggests that indexed bonds protect investors against inflation while nominal bonds are exposed to changing …

's share of national income to the inflation rate (as well as to the output gap, the unemployment rate and the capital stock … inflation and the labor share. Our results suggest that disinflation is not distributively neutral, provide empirical support … negative impact of inflation on growth. …