view of inflation. Second, we discuss how the recent inflationary episode has contributed to redistributing real resources …

In this paper we review the literature on the impact that monetary policy has on growth and employment in developing … countries. Much of the literature focusses on the impact of monetary policy on inflation levels and inflation volatility, and … but may have some impact on inflation. Although there is much discussion about the merits of keeping inflation levels and …

crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman … long run dynamics of CPI inflation inIndonesia remarkably weIl. Hence, there is an empirical support for the assertion that …