It has recently been suggested by Robert Lucas that "shoe-leather" costs of inflation may amount to as much as 1% of …

inflation tax revenue. Finally, the Cagan model is estimated with the additional assumption of rational expectations for Turkey …

related with money policy of Turkey were realised, and 1999(IV) when drastic measures were taken to cope with inflation … treasury bond interest return and inflation were analysed. We applied cointegration test for cointegration analysis and a …

The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another … based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly … data showed that consumer prices dynamics is explained by money growth (the more money, the higher the inflation), exchange …

and foremost, as a commitment device. In our setting, a monetarytarget helps anchoring inflation and inflation … as a strong response to deviations of inflation from target and to theactivity growth gap. In contrast, the response to …

seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and … inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in …

seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and … inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in …