This paper addresses the question of why inflation has not yet converged to price stability in Central America and the … that all central banks raise interest rates to curtail inflation but only some of them increase it sufficiently to … effectively tackle inflation pressures. It also shows that some central banks care simultaneously about exchange rate stability …

This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in … Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the … that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year …

Although few would doubt that very high inflation is bad for growth, there is much less agreement about moderate … inflation’s effects. Using panel regressions and a nonlinear specification, this paper finds a statistically and economically … significant negative relationship between inflation and growth. This relationship holds at all but the lowest inflation rates and …

inflation. In this paper, we show that a stable money demand function for Russia can be found for ""effective broad money … persistent effect on short-run inflation …

predictions of a forward-looking model of inflation. Wealth effects of public debt could also affect inflation, as posited by the … fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt-inflation … inflation …

forms of pegged exchange rate regime. Currency boards are indeed associated with better inflation performance, even allowing … for potential endogeneity of the choice of regime. Perhaps more surprisingly, this better inflation performance is …

inflation, the usual type of wage indexation observed in practice. Drawing mainly on recent research by the author, this paper … examines the consequences of wage indexation to lagged inflation on aggregate wage formation, the cost of disinflation under … choice of exchange rate regime, and the level and variability of inflation …

This paper analyses how globalization has affected inflation in the New EU Members States (NMS), and Poland in … advanced economies. However, future inflation-dampening effects in the NMS are likely to be smaller as the pace of increases in …