inflationary remittances built-in pressures. We establish a feedback loop between migration and inflation, and specify a simple … to 98 basis points (BP) of inflation pressures in the short-run and 23 BP in the long-run. Remittances induce excessive …Motivated by migration phenomena and wage-inflation spillovers, we investigate the relationship between the two and the …

This paper analyses the determinants of inflation in Albania during the transition period. We attempt to explain how … albania has been so successful in reducing inflation to a level comparable to many countries in the European Union. We discuss … remittance flows make Albania unique among European countries in transition, to the extent that these factors aided the anti-inflation …

-side effects into account, we get more persistent inflation and output reactions.We also show that the dichotomy does not hold for … discretionary monetary policy, the fiscal policy regime affects the size of the inflation bias.We also show that commitment to an … optimal monetary policy not only corrects the inflation bias but also increases the persistence of output reactions …

results in more persistent inflation as well as output responses to shocks, than without the supply-side channel.We also … discuss the different monetary and fiscal policy regimes and their implication on the stability of inflation and output. …

of the two.We compare the accounting definition of deficit with the economic definition which takes inflation into …

stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has …