In this study we quantified the welfare cost of inflation from the estimated long-run money demand functions for … negatively related to the interest rate. The welfare gain of moving from positive inflation to zero inflation is approximately …. Moving from zero inflation to zero nominal interest rate has substantial gain under log-log form compared to the semi …

financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach – VARs within … significantly adjust inflation to the cointegration relations. With respect to the second-half (short-run view) of the hypothesis … business cycles, credit expansions and inflationary tendencies, inflation targeting and monetary policy independence …

push inflation indicators. We used the monthly data for a period of 2005 to 2012. The findings of this study reveal that in …. Nevertheless, in the short run only world wheat price and labor supply has significant impact. In case of demand pull inflation, in …

This paper examines the presence of nonlinear mechanisms in the exchange rate pass-through (ERPT) to CPI inflation for … three macroeconomic factors, namely inflation rate, exchange rate fluctuations and business cycle. Our results reveals that … exchange rate transmission is higher when inflation rate surpass some threshold. We give a supportive evidence to the Taylor …

management of short-run inflation. (2) The CEMAC region is more inclined to non-traditional policy regimes while the UEMOA zone …

Inflation has been the major global economic problem for most economies throughout the world over the last three … money. According to this hypothesis, inflation results solely from a maintained expansion of the money stock at rates in … causes inflation. In fact, this finding supports Darrat’s (1986) finding that money causes inflation in Morocco and Tunisia …

subsidies, consumer price inflation rose, which reduced consumers’ purchasing power. This article empirically investigates the … impact of world food prices on inflation and government subsidies for Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, the … response of consumer price inflation to world food price shocks, in that soaring world food prices made inflation rise fast …

Exact diagnostics of inflation reasons is the necessary condition of correct stabilization policy oriented to social … progress instead of the conjuncture manoeuvring. The purpose of the article is the analysis of inflation reasons in Ukraine and …