bankers to explain their monetary policy decisions in detail and for them to publish inflation forecasts. This leads to the … question of how central bank transparency is entangled with price stability and inflation volatility. A plethora of studies … transparency leads to lower inflation, others concluded that openness of central banks results in higher prices. Conversely, there …

What can account for the different contemporaneous inflation experiences of various countries, and of the same country … over time? We present an analysis of the determination of inflation from a political economy perspective. We document a … positive correlation between income inequality and inflation and then present a theory of the determination of inflation …