inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship …This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the … output gap, and the real money gap. Using heterogeneous panel cointegration estimation techniques, we estimate cointegrating …

inflationary expectations. The main element underlying Spain’s recent disinflation appears to be a fall in inflation expectations …

It has been argued that higher levels of inflation lead to greater uncertainty about future inflation and to greater … dispersion of relative prices. In either case, inflation could reduce the efficiency of market prices in coordinating economic … activities. This paper shows that the rise of inflation in Colombia, from low levels in the 1950s to average rates of 18 …

Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon … explain the recent behavior of inflation. A leading explanation for recent inflation performance appears to be favorable price …

countries of the former Soviet Union appears to be positively correlated with lower average inflation. There also seems to be …

In recent years, many countries have successfully reduced their inflation rates to relatively low levels of 2 to 3 … percent. The question then arises as to whether it would be desirable to move to even lower rates of inflation. The paper … examines the benefits and costs of moving from low inflation to even lower inflation by drawing together recent work on this …

by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate …

equilibrium with no inflation and no default exists. However, highly-indebted countries are more likely to default once they join …

rates do not adjust to inflation because of a high degree of substitutability between money and bonds. It is emphasized that …This paper examines the implications of inflation persistence for the inverted Fisher hypothesis that nominal interest … the substitutability between nominal assets and capital renders the hypothesis inconsistent with the data when inflation …