Following the Maastricht criteria, a country seeking to join the European Monetary Union cannot have an inflation rate … in excess of 1.5 percent plus the average inflation rates in the three 'best performing' EU countries. This inflation … simulations show that the expansion of the EU from 15 to 27 members reduces the expected inflation reference value by 0 …

We exploit a hidden Markov model where inflation is determined by government deficits financed through money creation … and/or by destabilizing expectations dynamics (expectations can potentially divorce inflation from fundamentals). The … baseline model, proposed by Sargent et al. (2009), is used to analyze the interaction between fiscal deficits, inflation …

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. …

, under the current mandate the U.S. has experienced low inflation and low unemployment, while many inflation … moderate inflation are probably not large. Third, central bankers need prodding to pursue goals other than inflation. Fourth …

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. …

The main objective of this paper is to explain the phenomena of persistent inflation in Romania through the use of a … simple empirical model which highlights the links between inflation and the government budget deficit. We discuss the … inflation targets. …

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 … affect the subsequent paths of inflation and the exchange rate. Our main conclusion is that, while there are important …

may in some cases increase the rate of inflation - not only in the end, but even from the start. I show that this … "spectacular" result ceases to hold if the central bank is restricted always to choose the lowest final inflation rate. On the …

We demonstrate the existence of a monetary policy tradeoff between price-inflation variability and output … empirically reasonable degree of nominal wage inertia, strict inflation targeting induces substantial output-gap volatility. …

" – although they generate price inertia, they cannot account for thestylised fact of inflation persistence. It is thus commonly … asserted that, in the context of thenew Phillips curve (NPC), inflation is a jump variable... …