There is considerable evidence from industrial countries that the output gap is an important determinant of inflation … inflation is related to the output gap, as well as to the money supply and the terms of trade. We conclude that the gap model …

model is able to explain most features of the ""Great Inflation …

The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The … substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation … such as repressed inflation (given administered prices) or measurement errors in the consumer price index. The results of …

This paper examines the determinants of inflation in Sierra Leone using a structural vector autoregression (VAR …) approach to help forecast inflation for operational purposes. Despite data limitations, the paper accurately models inflation … in Sierra Leone. As economic theory predicts, domestic inflation is found to increase with higher oil prices, higher …

inflation in Sri Lanka. The analysis is based on a vector autoregression (VAR) model that incorporates a distribution chain of … pricing. The paper finds low and incomplete pass-through of external shocks to consumer inflation, reflecting a combination of … and volatility of the exchange rate. External shocks explain about 25 percent of the variation in consumer price inflation …

rise and fall of inflation during 1991-97. The methodology could usefully be applied to other economies whose exports are …

.S. output-inflation process, which implies that excess demand conditions are much more inflationary than excess supply … overheats because this will necessitate a severe tightening in monetary conditions in order to reestablish inflation control … negative if inflation is to be stationary. The paper also shows that a failure to account for this important implication of …

This paper examines the effects of inflation and associated financial instability on income distribution. Using both … pooled cross country and single country time series models, the level of inflation, inflation variability, and the … measures of income distribution, the issue as to whether inflation is a progressive or regressive tax is found to be negatively …

This paper studies the effect of inflation on the operation of financial markets, and shows how the ability of … financial intermediaries to distinguish among heterogenous firms is reduced as inflation rises. This point is illustrated by … presenting a simple model where inflation affects firms’ productivity. In particular, productivity differentials narrow as …