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 …