policy. The direct inflation targeting strategy used by the European Central Bank in applying its monetary policy has the … first criterion of implementation the expression of inflation target in terms of „headline inflation†(consumer price … consumer price index, this one ensuring the necessary transparency related to the effects of inflation phenomenon. A strong …

This study investigates the effects of political instability on inflation in Pakistan. Applying the Generalized Method … political instability and inflation. This is further confirmed through analysis based on interactive dummies that reveal … political instability significantly leading to high (above average) inflation. …

We develop a theoretical framework to account for the observed instability of the link between inflation and fiscal … bank that has full control over inflation. When policy makers deviate from this Virtuous regime, agents conduct Bayesian … pessimistic about a prompt return to the Virtuous regime and inflation starts drifting in response to a fiscal imbalance. Shocks …

supply-side effects into account, we get more persistent inflation and output reactions. We also show that the dichotomy does …, under a 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 …

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 …

This paper theoretically examines a way out of the euro crisis based on a model of inflation acceleration and … generates inflation differentials and huge current account imbalances among member states. As a result, although relatively more …

The purpose of this paper is to empirically determine the causes of the worldwide diversity of inflation volatility. We … higher inflation volatility. …

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 …

inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad … money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector … identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity …