general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …

Since the mid-1970s the annual inflation rate in Africa has averaged more than 15 percent, with many countries … experiencing rates of 20 percent or more. Inflation rates of this magnitude have significant adverse effects on the financial … strongly to monetary expansion as a major cause of inflation in African countries generally. Exchange rate depreciation is also …

Commodity prices may be a leading indicator of inflation, because of the relative importance of flexible auction …

This paper analyzes the erosion of fiscal revenue by inflation resulting from the issuance of money. The empirical … evidence for a number of developing countries supports the well-known hypothesis that an increase in inflation will result in a … generate resources to finance government expenditures via the inflation tax will involve a loss in other revenues, making this …

appreciation of the nominal exchange rate, this real appreciation will occur through inflation rates that are higher than in … industrial countries. Provided that the current prudent economic policies are continued, such higher inflation will not threaten …

This paper analyzes the relationship between inflation tax and the level of government spending in a public finance … inflation tax becomes an increasing function of government spending. Furthermore, the more inefficient the tax collection system …, the larger the increase in the inflation tax for a given increase in government spending. A numerical analysis of the …

This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the … long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of …/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a …

longer inflationary processes with inflation rates above 100 percent per annum. Based on a sample of 133 countries, and using … the 100 percent threshold as the basis for a definition of very high inflation episodes, this paper examines the main … characteristics of such inflations. Among other things, we find that (i) close to 20 percent of countries have experienced inflation …

This paper presents the results of an empirical analysis into monetary policy transmission mechanisms and inflation in … the Slovak Republic. The estimated vector autoregression (VAR) model suggests that inflation is determined by changes in …, open economies. Monetary policy is shown to affect inflation via these channels. Changes in money supply seem to have a …

This paper develops a theory of inflation inertia based on forward looking staggered price setting in the nontradable … inflation rate take time even if they are fully credible, and they are associated with significant output losses in nontradables …