Developing country inflation is in the headlines again. Mainstream macroeconomics typically ignores the role of … monetary sources of inflation in the presence of real wage resistance and distributional conflict. The analysis shows that the … relatively small shock leads to sustained and accelerating inflation and a wage-price spiral, thanks to conflicting claims on …

This paper analyzes the link between inflation and democracy in developing countries. In order to address the … positive causal relationship between inflation and democracy. It appears that democracy increases inflation because democracy …, Ghana, and Sri Lanka better illustrate the result relating to the relationship between inflation and democracy in my sample. …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …

economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …

adamant about preventing a rise in inflation? The large fiscal imbalance brings about inflationary pressures, triggering a … spiral of higher inflation, output contraction, and further debt accumulation. A coordinated commitment to inflate away the …

linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …