This paper''s analysis of growth and inflation dispersions in the euro area reveals several findings. First, these …

This paper uses a common trends model to study how prices, the black market exchange rate, money, and real output have … policy is not consistent with achieving low inflation or a stable unified exchange rate. The real shocks generate higher … growth and lower inflation, suggesting that supply-side policies are consistent with the goals in the Islamic Republic of …

and inflation in broad cross-country panels. This paper provides new econometric estimates for a panel of 23 emerging …-run relationship between the two variables controlling for differences in the inflation tax base. We find that a 1 percentage point … reduction in the ratio of fiscal deficit to GDP typically lowers long-run inflation by 11⁄2 to 6 percentage points, depending on …

Modifications to Japan''s monetary policy framework will be needed as positive inflation resumes because the current … an ""anti-deflation"" objective to an inflation objective, complemented by a shift of monetary operations from a …

Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society … higher degree of political instability is associated with higher inflation. The paper also draws relevant policy implications … for the optimal design of inflation-stabilization programs and of the institutions favorable to price stability …

domestic prices, broad money, real income, and interest rates, as well as a long-run relationship among domestic prices …, foreign prices, and the nominal exchange rate. In the short run, shocks to the nominal exchange rate affect domestic prices …

This paper examines the influence of economic liberalization and monetary growth on inflation during the transition … lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that … monetary expansion has been the fundamental determinant of inflation in the region. The paper also finds that the intensity of …

This paper investigates how consumer price inflation is determined in Mali for 1979-2006 along three macroeconomic … long-run determinants of inflation. The paper offers policy recommendations for controlling inflation in Mali …

""natural rates"" of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production …