objectives, the optimal quantity of money generally is accompanied by positive nominal interest and inflation rates through the … simultaneous optimization of government and the representative household. The fact that nominal interest and inflation rates are …

government and economic activities is inflation perfectly guaranteed not to accelerate. A truly independent central bank is …

Inflation has been the major global economic problem for most economies throughout the world over the last three … money. According to this hypothesis, inflation results solely from a maintained expansion of the money stock at rates in … causes inflation. In fact, this finding supports Darrat’s (1986) finding that money causes inflation in Morocco and Tunisia …

studying debt and banking crises, inflation, currency crashes and debasements. The data covers sixty-six countries in across … all regions. The range of variables encompasses external and domestic debt, trade, GNP, inflation, exchange rates …

factor, and if agents must bid for consumption in each period before knowing their income, then there is no inflation …, may not be sufficient to control inflation. …

of unemployment is affected by the inflation rate. Looking at four countries, France, Germany, the Netherlands and … inflation. The particular shape of the empirical relationship supports the view that a moderate level of inflation provides some … of between 0.5% and 1%, and to decline quickly for higher rates of inflation. For the range of inflation rates observed …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyse the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat, but is less …

Using quarterly data from 1970-1987 we estimate a simple econometric model in which inflation and the money supply are … jointly determined and in which expectations of inflation are rational, or forward-looking. The model is estimated using the … recently developed `cointegration' principle in econometrics. The main findings are that Israeli inflation reflected monetary …

consequences of cuts in public spending for the rate of inflation. Monetary financing is viewed as the residual financing mode … in public consumption spending will lower the inflation rate in the revenue-efficient region of the seigniorage Laffer … curve. When there are cuts in public sector capital formation, the inflation rate can rise even in the seigniorage …